[cmrdporcupine]

Exactly this.

I think startups that work in-office have an advantage because of the potential for early velocity of execution and social cohesion -- if they can find and retain local talent in this market. But I think the ship sailed for the BigCorps a long time ago.

And on top of that the round of layoffs they just did are killing morale. And the status that came with their titles is sinking or has sunk.

Their only advantage now is compensation rates, and those are dropping too, by their own efforts and by the drop in their stock values.

Finally, I'd say the problem with startups that are doing in-office, is that so many of them continue to insist on the Bay Area as their locus, which limits their talent pool and also diversity of ideas of their workforce. It can work for some companies but not all.