Well yes, if you disregard the fact that the last four years of realising that WFH is not only possible but preferable for workers happened. It's backsliding from a situation that was advantageous for many workers.
For many people it's become non-negotiable that a job offer remote working. If where I worked mandated return-to-office I would immediately begin looking for somewhere else to work.
I don't see how the realization could've happened if they're moving back to the office.
I'm not surprised btw, every remote first company I've been in is stuck. I'm not saying it's inherent, but making it work is extremely hard. Imho it makes perfect sense that a company doesn't want to invest into it - it's not a lifestyle business.