Indeed. I'm fortunate to work for a company that has embraced hybrid working – we have offices for those who want them, but there's no compulsion. The main concern in practice isn't people doing too little work, indeed it's that they do too much, so something management need to keep tabs on. It's also great for hiring, since I'm only limited by where we have the business logistics (legal, payroll etc.)
There are certainly some challenges, but honestly, these dinosaurs who evidently believe people only work if they're wearing a tie and chained to the desk. It also makes watching porn at work a lot less risky. You'd think they'd be celebrating that benefit at the mo.
My wife's company, on the other hand, is trying to force people back to the office at least for a few days a week – cue exodus of their most experienced staff and a recruitment crisis.