Quoting: "We overcommitted with our free storage limits and we want to focus on delivering high-value productivity and collaboration experiences that benefit the majority of our users. If we continued with the current offerings, we wouldn’t be able to sustain our growth and deliver the reliable service that you count on."
Quoting further: "We will be actively communicating with our users as these changes start rolling out via email and in-product notifications. These notifications will start at least 90 days before the changes take effect to ensure that you have enough time to act or make changes."
In other words, Microsoft, a $400 billion company with $100 billion of cash in the bank, misled consumers when it said it could provide a service better than Dropbox, a measly startup. It can't sustain its growth, so you get 5gb cloud drive, or about a third the size of a GMail mailbox.
But wait, there's more! You thought you could rely on their cloud offering to backup your data? well, you'll have 90 days to clear that space. Because you can't really get any peace of mind from Microsoft.
I don't understand people who can avoid Microsoft products and services yet still opt to pay to this awful company.