Zoom has reported that cloud recording processing times are currently delayed due to excess demand. This post will be updated with further information as it becomes available. Also check https://status.zoom.us for further information.
Update: Zoom engineers are currently working on a fix.
Tech Services highly recommends recording locally, now and for the foreseeable future. The COVID19 emergency will increase load on all of Zoom's services including Zoom's cloud recording repository. Recording locally can help mitigate these effects. More information about how to record locally can be found here: