Art obviously by HappyRoadKill, beware the rampant NSFW furry art though
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Little bit of everything but a lot of it comes down to “if it ain’t broke don’t fix it” kind of thinking. Even if you see other businesses doing it, if it isn’t popular in your sector then it’s better to leave everything as is until you see negative effects from keeping it the same.
It’s that and, well, they have power over you in the workplace. At home you aren’t their only team as much. At that point it highlights how BS most of your job is and they don’t like that.
And lastly it’s also for legitimacy for investors. Many investors treat companies with no or little physical spaces as lesser.
They also don’t like letting employees have much free time, because it allows us to find other jobs, or work on something that could become a replacement income and leave.
At least anecdotally I’ve heard multiple managers taking about it.