We are observing the most valuable people leaving, because they easily can get a job at place where they care more about value you get to company than the bonus you will get as C-level after firing highly paid workers.
In the cases we know (I have a group of people working in different small and medium corps in Poland and Germany) - the people that are staying are either too lazy to change work or they are just not enough to get remote job.
If you’re the C-suite making this decision without realizing your best remote workers will quit even in this job market because they’re your best employees, you shouldn’t be the C.
If you do realize this, as you most definitely should since it is not rocket science in any way, your projections about short and long term value of institutional knowledge these folks take with them better be accurate.
In the cases we know (I have a group of people working in different small and medium corps in Poland and Germany) - the people that are staying are either too lazy to change work or they are just not enough to get remote job.