Yes - but stupid yearnings to "do what all the cool kids are doing now" are at least as strong in those who would normally be referred to as "managers", vs. "employees".
outcome A) huge microservices/cloud spend goes wrong, well at least you were following best practices, these things happen, what can you do.
outcome B) you went with a Hetzner server and something went wrong, well you are a fool and should have gone with microservices, enjoy looking for a new job.
Thus encouraging managers to choose microservices/cloud. It might not be the right decision for the company, but it's the right decision for the manager, and it's the manager making the decision.
(As does being a consultant wanting an extension and writing software that works, as I found out the hard way.)