My team at work hasn't created any meaningful value in a year. We've shipped nonstop but the things were tasked to work on just don't work out or even if they are well received simply don't add up to our salaries.
This is going to get a lot of hate, but the common refrain about WFH is "my productivity is up." That might be true, but it doesn't mean you're producing the right things, and I've found that harder to do remotely.
What does this have to do with WFH? The point is that teams are tasked with meaningless projects, which they deliver on, but because the project was meaningless, they get axed for not producing value. They were doomed from the start, due to the strategic initiatives management mistakenly decided they should work on. This is occurs for both WFH and in person work.