Plenty of new smaller software companies (startups especially) are totally remote and distributed. "9-5 in an office" culture has been deeply ingrained. The man

Plenty of new smaller software companies (startups especially) are totally remote and distributed. "9-5 in an office" culture has been deeply ingrained. The managers with the practice and skills with managing remote teams don't exist in enough number to fill a large company. The investors, the workers, and everybody in involved would have to learn new skills and ways to function. The thing that ruins the growth and economics is that nobody knows how to do it yet and trying is either risky (you fail) or expensive to train/experiment until you figure it out.