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Victorians could soon have the right to work from home two days a week under Australian-first laws
(www.theguardian.com)
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The irony is that that need for control is actually shooting them in the financial foot. There's been a few different studies showing that the WFH and other flexible work arrangements (e.g. 4-day-work-week) increase productivity.
But yes, I agree it's about control (as well as the investment in office space, often in the expensive CBD, which businesses hate the idea of not being used near capacity).