Whether you like the idea of company culture etc not withstanding, it's easier to push in office where people are sitting in an environment that you have the power to craft and shape. As a predominantly call center based business our reporting has shown improvement moving from pure WFH to hybrid, I'm not going to apply that to other businesses, but for us it worked out that way.
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Sadly, I suspect this is another case of "many people are not good at their jobs". Not necessarily the workers, but company leadership.
Most new businesses fail. Many established businesses fail. Some of that is skill, or lack there of, but a lot is also luck.
If one lacks skill and my company has a run of bad luck, then blaming the most recent change is rational. This is true even if one has refused to, or been ineffective at, adjusting to changed circumstances.
Blaming a failing business on something outside oneself is an ego saving move.
I expect the biggest pushers of return to office, that also have no clear business need, are not doing well. I anticipate many backward looking reports about a large number of projects and businesses failing due to a lack of ability to adjust.