For businesses, a lot of them are hiring IT companies (consultants, MSPs, VARs, and whoever the hell else they can get) at a couple to a few hundred bucks an hour per person to get boots on the ground to fix it. Some of them have everyone below the C levels with any sort of technical background doing entry level work so there’s also lost opportunity cost.
I was in that industry for a long time and still have a lot of colleagues there. There’s a guy I know making almost $200k/yr out there at desks trying to help fix it. He moved into an SRE role years ago so that’s languishing this week while he’s going desk to desk and office to office with support staff and IT contractors.
At least two large companies have an API where they’re paying for a pile of compute and currently have a small fraction of use. Companies are paying to use those APIs but can’t.
I don’t know if there’s a good way to actually figure out how much this is costing because there are so many variables. But you can bet there are a few people at the top funneling that money directly to themselves, never to be seen again.