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To extend what others have said. A main service in the most popular public clowd (AWS/Amazon Web Services) is down, which affects all customers that rely on that service, and they are many.
AWS does a lot of redundancy, but their identity management service (IAM) can't do much redundancy without adding vulnerabilities to it. That service had an issue and nothing else can take the batton for security reasons.
Why companies do not have a contingency plan? Because they decided to fire some of their IT teams, giving the money to Amazon instead (you need to have an MBA to understand it, cocaine addiction or a combination).
I maybe wrong, my major was natural sciences but I chose not to be poor.