Leadership got called out at a recent company meeting by someone who commented that noise-cancelling headphone were critical. One of the C-suite evangelists was like "haha, yeah you're right next to my office aren't you." In other words, "I'm so oblivious, I think it's amusing that my loud conversations are negatively impacting my subordinates' ability to concentrate in this 'collaborative' environment'".
My team does not need a collaborative atmosphere. We're not marketers. We're quiet, introverted, methodical folks who need a quiet atmosphere where they can concentrate on writing ops code that won't bring down a production server in the middle of the day. We don't want to have to listen to overheard gossip, ostensibly private phone calls, etc. while we're trying to figure triage a complex issue. But more than anything, it's offensive that they won't just come out and admit that this is being done for financial reasons. We're all adults in a capitalist economy; we know the score.