They get you hooked on a teaser tariff. Like $100k worth of AWS, Azure, GCP credits. Like a good drug dealer, the first hit is free. Once you've convinced yourself that moving to AWS is the right move, based on the teaser rate, they've got you in their jaws. Most of your IT team is gone, most of your on-prem/colo hardware is outdated, and for tax reasons it's better to lease than to purchase capital intensive equipment. But now the low AWS rate is gone, you can't go back, and you'd look like a fool for calling your decision a mistake.
I really like AWS. But I feel like there is a lot of money to be made in consultants overselling services built on it. And a lot of traditionally expensive IT teams are being replaced with even more expensive cloud "architects".