I believe, most of the companies that we hear instituting an RTO mandate have distributed teams, so that in-person interaction wouldn't manifest in these cases. Also, I live in a country with very meaningful transportation infrastructure, I still wouldn't want to spend 1.5-2 hours every day crammed into said infrastructure at rush hour for no good reason. Buying a car would have saved me 30 minutes tops and I find it irresponsible when public transport is available.

Thankfully, I no longer work for a company that mandates in-office work and even the telco (!) I used to work for had unlimited home office even before the pandemic, which worked beautifully and saved them lots of money.

Having an office to go to helps the more socially inclined employees, but doesn't boost productivity uniformly, especially when everyone is on calls all day anyway.

Just like home office, full in-office work needs a very special setup to be truly effective and given global hiring, may be harder to achieve that a remote culture.