Same experience here. As a small organization, the quotes we got from cloud providers have always been prohibitively expensive compared to running things locally, even when we accounted for geographical redundancy, generous labor costs, etc. Plus, we get to keep know how and avoid lock-in, which are extremely important things in the long term.

Besides, running things locally can be refreshingly simple if you are just starting something and you don't need tons of extra stuff, which becomes accidental complexity between you, the problem, and a solution. This old post described that point quite well by comparing Unix to Taco Bell: http://widgetsandshit.com/teddziuba/2010/10/taco-bell-progra.... See HN discussion: https://news.ycombinator.com/item?id=10829512.

I am sure for some use-cases cloud services might be worth it, especially if you are a large organization and you get huge discounts. But I see lots of business types blindly advocating for clouds, without understanding costs and technical tradeoffs. Fortunately, the trend seems to be plateauing. I see an increasing demand for people with HPC, DB administration, and sysadmin skills.