You should really choose a different saying
HN turned off referrer globally, so that no longer happens.
Let's see: https://www.jwz.org/gruntle/rbarip.html
They did IPO in 2021 - I wonder if the equity comp makes up for it?
Disclaimer: I'm working remotely at Microsoft
Facebook, Google, Apple have been laying off people. The return to office was about real estate, local power and getting employees to move or quit.
There does seem to be a gain for the company, one that very often isn't necessary but all other things equal the company will try to capture. I see the argument that remote work should be mandated as part of labor rights in many more cases than it currently is. Until it is, companies like these will continue to favor on-site work.
I need to get out of the habit of calling it in-person work and instead call it on-site work in these cases.
Most on-site work has a significant telework component.
I should also call it telework when it's on site to avoid confusing it with true remote work. Or whatever the most clear terms are.
I'm not sure this is all that insightful. I don't think anyone is saying that if you force all your employees into the same physical space (or, you allow for remote work) you will instantly become infinitely successful.
Remote work can be the absolutely superior model for how/where people work for any tech company, but you still also fail for one of many other reasons companies can fail.