Google Drive for Desktop (Mac) cache file location change breaks some major functionality.

Our company is experiencing a serious problem with the relocation of the Google Drive cache directory on some of our systems but not all. Some are "controlled by the operating system" and grayed-out, other allow them to be changed (like to another drive for example).

Google's status page lists a version 70.0 available 1/30/23 but version 69 still downloads (as of 10 min ago on 2/1/23)

Cache location Before: /Users/username/Library/Application Support/Google/DriveFS

Cache location after: /Users/username/Library/CloudStorage/

Before:

After:

Note that the streaming location is now grayed-out and cannot be changed.

Problems caused by this change:

1. We are unable to relocate the drive cache off of the OS disk for those with limited storage space

2. The OS (both in Ventura & Monterey) sees the new change as Google Drive being on the same drive as the operating system so if you drag a file from Google Drive to the Desktop (or any other folder) it MOVES the file rather than copying it as it would previously. Not only is the cache moved, but the OS sees it differently than it did before the change.

3. Big deal: Links in documents to other files on Google Drive (especially on our shared drive) are now different for different users and break. The new version contains the signed-in account name in the path and breaks the link for EVERYONE other than the creator. Example: Adobe InDesign and InCopy, even MS Word etc. Example link differences before and after the change: 

After change: /Users/username/Library/CloudStorage/GoogleDrive-email@domain.com/Shared drives/filename.ext

Older (working) way: /Volumes/GoogleDrive/Shared drives/filename.ext

This change was pushed out with no warning other than a dialog box informing the user that their cache location was being moved.