The UC systemwide Adobe contract expired on 7/24 and is being renewed. As a result of the expiration, Creative Cloud users will see a license expiration notice when launching apps. The renewal order has been submitted and Adobe has assured us that the campus license will be renewed before access to Creative Cloud is lost on July 31. We will update this notice with the current status of the renewal. Adobe has assured us that all products will continue to operate despite the messaging.
This is unrelated to the usual 120-day renewal process for Adobe Creative Cloud. You can find more information about the your license status and the renewal process in the document linked here.