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The irony here is surreal.

Here is a tech company that literally renamed and restructured themself to pursue (among other things) remote work... who are now saying work from home is too inefficient for them.

They mean the office in the Metaverse, right?
Is this another stealthy way to do layoffs?
You don’t have to pay severance if the employee quits first.
Bad news is that it is usually the more competent ones who have no problem finding new jobs quit first.
One school of managerial reasoning is nobody is that critically essential - most business problems can [eventually] be solved by throwing more money and bodies into the pit until there is a breakthrough.

I don't like it, but when pressed to the fire, many execs will cave to this rather than fall on their own sword and fight against someone like Zuckabarg. And even if you do try, you'll then be efficiently weeded out and excised in favor of someone more cooperative.

Employees will have a chance to go full remote if that's what they prefer, and those who are already remote are unaffected by this.
If all companies workers that can work remote work remotely there will be a reduction in doom scroll during commutes, and that has all kind of implications :).
People are doom scrolling while driving? That explains a few things and gives me several questions.
Not being able to handle remote work seems to be emerging as an indicator of other kinds of mismanagement as well. Just another example of errors propagating unchecked.
As some put it, if you can't trust your staff to work remotely, you can't trust them to work.
It could be 2 or 4 but they pick 3 because it will be faster and less upsetting for people to eventually return to office 5 days a week, which is the goal here.

What makes it more ridiculous in this case is that "virtual human interactions" is literally embedded in their name.

Looks like they’ll need to find a new scapegoat when they can’t blame remote work for their mismanagement any longer.