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Microsoft is launching Office 2021 on the same day as Windows 11 for subscription haters
While Microsoft would prefer that anyone in the market for office software paid for an Office 365 / Microsoft 365 subscription, the company is well-aware that "some customers aren't ready to move to the cloud".
More specifically, some customers do not want to pay a subscription to use software, and this is precisely why the subscription-free Office 2021 exists. Microsoft has just made the Long Term Servicing Channel (LTSC) version available for commercial users, but the consumer version is due to launch on October 5, the same day as Windows 11.