Yes. Key positives for a company are reduced cost of office space and ability to draw upon a wider, cheaper pool of potential workers and increased employee satisfaction (for some, not everyone prefers working from home). Key negatives are reduced productivity due to lack of supervision, difficulty of face-to-face meetings with clients, difficulty of training younger staff.
Its a tradeoff and I think different businesses will fall into different buckets and there will also always be some inertia to change. I do think that the 'new normal' is neither 5 days 9-5 in the office OR complete remote work but something more like a couple of days in the office and a couple at home every week for most staff. But this wil probably be a plurality of the workforce only, with substantial numbers completely remote or close to, and substantial numbers also still in 5 days a week.