Yes, as they say:

""Some percentage of the jobs actually performing infrastructure services, monitoring, and datacenter operations in-house will shift to cloud service providers like Google, Amazon, and the telcos..."

But for start-up entrepreneurs, this can be the good news: that the creative work of assessing a consumer/business niche of need can move more quickly to the creative work of filling that niche need in better ways.

The cloud can really be the friend of our enterprising spirits.