People who are top-performing often have a lot more choice and flexibility, taking that away isn't going to sit well. I'm sure there will top-performers that prefer the office and they will happily go back but the others? They will start looking for new jobs.
> This move absolutely will drive out some of their best talent… but the job market isn’t great
I hear this a lot and I've interviewed a number of people who said as much. Here's the thing, the people that mentioned the market wasn't good were people that we didn't hire. Not because they mentioned the market wasn't good but because they didn't pass our tests. So I'm skeptical of how much this holds true when we are talking about "top performers".
> Genuinely, are there many desirable workplaces left that are remote?
This is a silly statement. You must be in a bubble to think this. Money is not the only driving factor for people.