I think there was no real need to cut on costs for a lot of companies. If every startup can raise 100-200 million easily because of these very low interest rate

I think there was no real need to cut on costs for a lot of companies. If every startup can raise 100-200 million easily because of these very low interest rates, why would they care about trying to save 10 million dollars a year in wages? Money is not a problem for them. Who needed the headache of working remote, offshoring etc? But now that some of them were forced to go remote and they saw productivity wasn't hurt, arguably maybe even improved (up for debate of course), they might rethink the whole issue.