Sure, after migrating a few organizations to MS365, mostly because that's what they are expected to have, after resisting it for nearly a decade - finally the licensing costs between 365 vs perpetual licensed, and having to maintain file servers and mail servers came to a wash over 5 years, but if MS makes such a price increase, throws that analysis all out the window.
I've been trying to get organizations to ditch MS Office for 25+ years, but there is constant resistance, and even after trying alternatives (Star Office, OOo, LibreOffice, etc.), they never have a similar user experience as MS Office and users fight back at first frustration, and of course external entities they work with assume their using MSO...also when were running our own mail exchangers, any difficulty getting messages through was always our fault, no matter who was blocking it...again, everyone just expects everyone else to be running 365 or GSuite, so we just gave everyone what they wanted in the end, and significant increase in monthly operating expense, but like I said earlier, can make a case where they break even over 3-5 years, if monthly/yearly licensing stay relatively stable.