Yes. and IBM had precisely the problems another poster points out that caved in offices cause[0]: people had no idea what others were doing and it led to some problems. Which is fine if you're IBM,make mainframes, and run you company vaguely like the military. But good luck adapting quickly if you have that management style.
There is a reason open plan offices happen: it's not just a cost cutting measure, it's a management style decision as well. Sure, it might be the wrong decision, but there is a reason to it and it's not just screw the code monkeys to cut costs idea people are suggesting. It's a value judgement that dev's personal comfort and productive is not the sole or primary concern of the company and that the company is better served with more communication instead of productivity. The value judgment seems correct: companies make money from good products, not from merely producing code. However, it's not clear the communication is worth more than the added productivity.
[1]https://news.ycombinator.com/item?id=6450733