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A bit ironic given the fact that they want to push everyone on the cloud and run Office apps in a browser. Or is this just corporate?
I've been doing tech support for a few corporations and they were literally removing the local applications like Word, Excel and Outlook to force users to use the web versions because it was costing them less money for licensing.
The web versions only cost less for very minimally licensed users. There are certainly cases where it is cheaper, but unless the user is using an iPad or Chromebook, the license companies want to have for all users includes office desktop. The push to cloud probably was about control and removing more dangerious features like macros.