I HATE the way Cubase does this. Every other piece of software creates your project, in its entirety, in a new location when you “Save As”.
It is absurd that Cubase calls this “Backup”, when that isn’t the actual purpose. BACKUP IS FOR ARCHIVING/SAFE-KEEPING, not for saving a new project from an existing one.
I suspect this is some screwed up Mac way of thinking. I still sometimes loose work because of this nonsense way of naming things.
I am currently going through some projects to make sure the pool is actually in my project folder, and NOT in “Untitled23”, or what ever. Because guess what happens when I delete all those “Untitled” folders… Some of my work will be lost. Did I put those files there? NO.