Really, really bad for nonprofits, including schools and health centers, that rely on Google Workspace (Gmail, Docs, etc) for providing MS Office-type software for cheap or even free. And these organizations are usually understaffed in terms of IT, so it would take them a long time to get back on their feet.
They could switch to LibreOffice, OnlyOffice, or Collabora and there are plenty of other free e-mail providers.
It would take some time and effort to get everything switched over though.