The page you've linked is kind of the "our real page is down" page, and after the issue is resolved what we usually see is all that replaced with something like "go check the admin center for outage information".
Anyways the Azure status page is a bit more grown up:
"Title:" makes it look like a grade school book report.
Title: We're investigating a potential issue affecting Outlook.com
User Impact: Affected users may be unable to access Outlook.com services or features.
Current status: We've identified a recent change that appears to be the source of the issue. We're rolling back the change to mitigate impact.
Next update by: Monday, September 28, 2020, at 11:00 PM UTC
Current status: We've identified that reverting the recent change did not alleviate impact to Microsoft services as expected. We're working to explore additional options for mitigation.
[I actually enjoy these updates but they indeed read more like our internal incidents channel]
It just seems that office 365 is part of that older monolithic Microsoft that we all used to hate.
https://status.office365.com/
Title: Can't access Microsoft 365 services
User Impact: Users may be unable to access multiple Microsoft 365 services.
More info: Any Microsoft 365 service that leverages Azure Active Directory (AAD) authentication may be impacted by this issue.
Current status: We've identified and are reverting a recent change to the service which may be causing or contributing to impact.
Scope of impact: Any user may experience access problems for Microsoft 365 services.