My current employer went from rigid 100% office attendance, a là Office Space and cubes and dress codes and Nina, to 0%, overnight, for COVID. They sold most of the space but for 2 permanent and 4 more hotel spots, they have meeting spaces and a revolving receiver assignment for packages, but the entirety of the staff is effectively remote since the state of emergency was declared. Transition was fast and furious and they survived with most of their sanity intact. They wrote remote-first into the union contract, and quietly mention it's from anywhere in the country.

Reduction in space doesn't mean reduction in staff nor mandate. We're only growing.

Just, look for other indicators.

That is the premise used to argue that one day a zombie company will emerge which will live forever. In millennia, it has never happened. I'm fairly confident it's unlikely. These companies eventually allow their culture and focus to settle into complacency. Buying other companies can't solve that. In fact, it hastens their demise, as they spend large sums of money on companies they're incapable of properly utilising.

I have to concur with the concern. It's not a free market if we don't let bad businesses fail. What's that saying? Privatised profits and socialised losses? Less of that please.