The article clearly states that SMTP is not in going to be affected:
Not in scope for this disablement (we are not making changes to):
SMTP AUTH
You can read the comments therein for additional clarifications, such as:
Will SMTP AUTH still be supported after 1/1/2023 for those O365 tenants that are already actively using it and don’t have it disabled right now? We will still support SMTP with basic authentication.
Will SMTP AUTH still be supported for existing O365 tenants which currently have SMTP AUTH disabled (as not yet in use) but want to enable it after 1/1/2023? Only for SMTP
Will SMTP AUTH still be supported for new O365 tenants? Yes, for now, I strongly suggest looking for options for modern authentication, API. Until then mitigate the risk with conditional access.
Also keep in mind that there's a separate effort to disable older protocols/cyphers, so your server/apps should be using TLS1.2.