Soft layoffs to suppress wages, many of the C-Suite have a lot of money in commercial real estate (personal investements) - like a lot, management class are people skilled in face-to-face interactions and Remote work disrupts that. If you read the literature about Remote vs In Office work, it generally leans to Remote seeming a bit more productive. There are arguments both way, and anyone honest with themselves see that it is a complex issue with no clear winner.

In office work is more social and fun, that's for sure. But I've heard many VP+ managers comment, "Yeah, I'm WFH today because I need to focus and gets some things done."