It’s like they want to enforce letter writing after the invention of email, or horse-drawn carriages instead of cars, or in-person work instead of videoconferencing from anywhere.
All because of some romantic notion about some essential element being lost.
The beauty of capitalism is that competition will either replace those people, or eventually the companies entirely.
Luckily this stance makes it very easy to identify and isolate the old guard. I should add that some kinds of engineering has to be on site due to it revolving around rockets or factories or mines or construction sites. But for IT, huge red flag. I’ve had so many offers to work on site and now I don’t even have to bother researching those clients.