The end of an era - Skype is being discontinued (here's what to do)

So it's official - after kickstarting the market for internet calling 23 years ago, Skype is shutting down. Microsoft announced they're retiring Skype on May 5, 2025, giving users just 10 weeks to figure out what to do with their accounts.
Skype as we all once knew it will be a thing of the past soon. At one point (many years ago) we were actually able to forward phone calls directly to your Skype account. It was great, you could use Skype which many users already had with any local phone number. In 2011 Microsoft bought Skype for $8.5 billion and now it's off to the graveyard - sad day to say the least.