Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Senior Management make these decisions, if not C suite. They have a lot to do but these decisions come down to not letting business interests falter by dropping commercial rents and not having employees having too much convenience.
Commercial rent is absolutely a huge reason. However, you're missing something. It's an easy way to get rid of a certain percentage of folks. A lot of MBAs, and by extension a lot of the C-Suite, act like employees are perfectly spherical and operate in a vacuum. So if they need to shrink their workforce by X% it doesn't matter which employees leave.
Unfortunately for the employers the high performers are generally (not always) the ones with more options.