Yup. We got a new CEO, and they did a big push for productivity and enforcing our 3-day in office policy. My team had been on 2-day since the pandemic WFH policy ended, and my boss said we'd give it a try, and if it sucked we could go back. We had worse productivity, so we went back to 2-days in-office. The company policy is still 3-days in office, we just ignore it.
It really depends on your boss. A good boss can ignore stupid company policy, and a bad boss can ruin good company policy. My boss is one of the main reasons I took the job, and it's also why I'm still here (I'm pretty sure I'm underpaid, and my boss is upfront about that, but I like my boss so I'm sticking with it for now).