Using the New Outlook for Mac features in business environments
This is 100% correct. And if you don't choose "Classic" for "only $99" at that moment, going into effect when your current annual subscription ends, the option will NOT be available later if you decide to continue the service after cancellation.
This is a classic Mafia or criminal operation, extortion:
"You wouldn't want something bad to happen to your computer and software, like Gaza?"
They want to force their new AI pricing scheme, a 30% increase down our throats, abusing and raping their own customers like the Palestinians. By the way, Jesus is Palestinian, folks.
Log into your Microsoft account. https://account.microsoft.com/account/
Go to your subscription, choose manage, and then choose cancel, it will give you the option of choosing Microsoft 365 Family CLASSIC (also works for individual accounts). Don't panic when you click cancel. It will take you to a page to tell you what you are cancelling but it also shows you other options for subscriptions. That is where you switch to Microsoft 365 Family CLASSIC. Saves you money but won't change until your current subscription year is over.