Sounds like a terrible thing.
The field is levelled.
I should say I was remote for 5 years and the meetings where everyone was remote were much longer, extra overhead, slower responses, and less engagement. They were bad. I’d rather be not an equal participant in a good meeting than fully equal in a bad meeting.
Though to be clear, the question is whether the benefits of treating the entire team uniformly outweigh the disadvantages of imposing telecoms frictions on all members, rather than just a portion.