Using New Outlook on Windows for professional communication and productivity
Yep, exactly the same thing happened to me.
I have a work account and a university account, Windows installed and activated the 'new and improved' Outlook app. It defaulted to my uni account and got rid of my work account, then threw up this error.
Pathetic. Here's a thought, don't release something that isn't ready to be released. Here's what I want, to have all my relevant accounts on my computer, not to get forced into a fresh install that screws it up.
I found the 'try the new outlook' toggle, switching it off, and it's now allowing me to have multiple email accounts active.
Don't release things that aren't ready to be released, don't push the update on people, we are not your beta testers.