I am an employee of a subsidiary of a publicly traded company. We have team members who were purposefully moving further AWAY from the office so that they didn't have to comply with the policy. I simply have ignored the policy altogether. My manager and his manager both agree that it's silly (both of them live outside the range as well).
My day is full of too many impromptu meetings that require me to be on zoom, and the environment at the office is utterly counterproductive to having those conversations or getting real work done. If I had to stop what I was doing and find a conference room every time I needed to communicate with a remote co-worker, I'd spend half my day walking to and from a room.