I agree. This should be an indication to all current users that they should no longer trust InfluxData with their business.
The CTO seems to have been checked out for a long time (just look at how little developer engagement there is on here) and the CEO seems to have no idea how to run a DBaaS. The fact that nobody else from the company has stepped in to try and defuse this should terrify anyone who has data on InfluxData's cloud.
This is the beginning of the end. It seems like all of the good people have left the company, and being willing to destroy credibility to cut costs is a clear sign that the company is running on fumes.
So, now is the time - find your alternative, whether it's Timescale, QuestDB, VictoriaMetrics, ClickHouse, or just self-hosting.