Something along the lines of "Google execs considered cutting GCP, later decided to set 2023 as a deadline for improved financial performance."
A few months ago, someone I know who is close to the issue mentioned something along these exact lines to me. I shortly moved all of my GCP projects to a self-hosted server. Glad I did it.
I'm curious what sorts of things you had running and how complex moving off was. I'd expect any cut to have some announcement period, which I'd expect to be longer than a few months, so you may not have needed to migrate so soon.