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Return-to-office orders look like a way for elite, work-obsessed CEOs to grab power back from employees
(www.businessinsider.com)
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Very good point about forcing attrition, my only counter argument (for lack of a better word) would be that it's more dangerous than traditional layoffs since you don't get to choose which or exactly how many employees leave, and my guess is that there's reason to believe you'd lose a large number of senior employees who would have an easier time finding a different remote position.
However the benefits of not having to admit to actual layoffs might outweigh these cons for a lot of companies for sure.