When I worked for JPMC I worked in a building where a badge was required to get in and out.
I never had any WFH arrangement or anything but I went into the office maybe once a month - and nobody cared. My location had no relevance to the role I performed for the bank. I established trust with my boss by doing my work - we agreed on expectations.
The bank could have enforced this anytime before the pandemic, but didn't - maybe they would have had a better benchmark of who was in-office in the earlier days.
Justification of poor decisions to over invest in real estate seems to now have to be rationalized rather than adjusting and course correcting strategy - something that is sure to backfire.
I'm so happy I left the firm before this BS - I would have been very frustrated (and left anyway) if the arrangement managing my work between me and my boss was not up to us.
Say, what ever happened to that "bureaucracy buster" group anyway?