Call this the Sweatshop Event Horizon.
I'd ask why oh why should anyone have to wear noise-cancelling headphones and/or install white noise generators just to get work done, but why bother? This is an intangible loss so the MBAs and management consultants behind this can claim they saved big bucks and then blame you for your lost productivity at your next review.
Finally, the worst part is when the HR department starts citing this morale-mashing pox as a perk:
http://www.mercurynews.com/business/ci_24032940/old-school-t...
That said, if all you want to do is play foosball and talk to your co-workers all day whilst whittling away someone else's VC money, it seems like an excellent approach to doing so.