Two years into the pandemic, the older generation of executives — even those inside Silicon Valley — aren’t accustomed to managing workforces remotely. “Leaders find it really hard to lead virtually,” Bock said.Source: Bloomberg
And that’s it. Despite an uptick in productivity, it is the inability of managers to adapt. Plus, you cannot project status and perks when everybody is just a Teams avatar.
OTOH, companies will find it hard to attract the best people if they make them sit in traffic.