(Or maybe just an overaggressive attempt to get those who want non-subscription Office to move to the cloud?) Microsoft is not going to block Office 2016 and Office 2019 customers from connecting to Microsoft 365 back-end services after October 2023. The good news for those users is this was a false alarm. Recently, some of those users - namely those with Office 2016 and Office 2019 - got a bit of a scare, as it seemed Microsoft had decided to cut off their access to Microsoft 365 back-end services in 2023, which is two years before those products officially exit support. Even though Microsoft is all-in on the cloud, it still is continuing to roll out "perpetual" (non-subscription) versions of Office every few years.
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