Thanks for clarification KevinShaughnessy - although I would like to understand why there is a different approach between MERRL and TERRL, as it is making no sense to me whatsoever. MERRL will give (when new limits imposed) up to 2k external recipients, but TERRL is going to drastically reduce that number if you are an Enterprise customer?
I am fully expecting escalations from a number of our key customers ... multi-million $ arrangements with MS including Azure, Surface, Power Platform, Dynamics F+O, etc... and this limit is being enforced at next to no notice, which is highly likely to impact their business.
Please see my comment at Introducing Exchange Online Tenant Outbound Email Limits | Microsoft Community Hub