I work in an office for a company that's headquartered in another state, so even when in the office it's often been a "remote work" experience for me. What we have today is a natural and logical progression from all the improvements meant to make it easier for people to work together, regardless of location.
You have to remember at one time people actually left their desks to go to a conference room and meet. The first iteration of bringing in remote workers to that was often speakerphone systems maybe with multiple microphones if you were lucky. You'd literally have twenty people in a room all talking to each other. It was nearly impossible to keep up if multiple conversations broke out and often it was work to be heard. There was no view of the whiteboard and people had to remember to share any materials and be explicit as they advanced through it.
Cisco's telepresence system that tried to create an experience mirroring sitting across from each other at a table was a huge step up, but still it was a large hardware investment and the rooms were a scarce resource.
Fast forward to today and everyone has the "Tandberg" equivalent of a single person telepresence device that was limited to senior management. In fact everyone has a better experience at their desktop with universal access to web-hosted whiteboard and collaborative tools, and (assuming broadband network speeds are home) all those things work equally well at home or in the office.
So the progression of making it easier and easier for remote offices to collaborate has reached its logical conclusion. At least where I work it was pitched as a way to cut travel costs. And if I'm being cynical it's worked in that the senior staff are still free to travel while small departments now share travel budget that was previously available on a per-person basis. My personal corporate card has a credit line that's nearly what my boss' travel budget is for fourteen people.
So with no need to travel and no local staff or coworkers, it's frankly better to work from home: same zoom calls, same excalidraw, same figma, confluence, teams, etc. And no scheduling a desk for the day. No loud coworkers yelling on their headset when they get excited. I can have my preferred mouse and un-office-friendly mechanical keyboard. I can wear a lapel microphone and use my also un-office-friendly speakers instead of being forced to wear a headset or earbuds. I can have a wide screen monitor and a better camera. In short: productivity-wise my experience is the same or better, but comfort-wise it is materially better in every way. When every other coworker is already in another state, for me and a lot of people like me there's literally no downside.
And there's zero sympathy for corporations that worked so hard to make it easy to work from any other office only to discover it's just as easy to work from home.