Losing WFH puts pressure on two-professional couples that limits geographic choices. A job switch tends to become two… It also loses access to talent that for whatever reason doesn’t like where you’re located, but is willing to work for you. It also exacerbates the cost of housing, as people can’t relocate to afford it. It’s also harder on the environment and workers due to commuting time and hassle.
It’s also a sign that you don’t and won’t trust your workers. Especially when managers are able to do it.