Where possible I would suggest strongly avoiding working on matrixed teams, or reporting to more than one manager, who you are in direct contact with every week.
Efforts to create global teams are not unlike efforts to allow work from home, a luxury that Intel can not afford. Some may be more productive in that setting but a lot of creativity comes from interaction.
If Intel at some point has better operational excellence then they can try to offer hybrid working again. Maybe they can carve out fully remote jobs for those doing strictly process work? They are going to increase the number of contract workers, and some of that will be for remote work.
So it won't go away but the current situation is too dire. Companies get out of distressed situations through mass attrition, getting down to a size that can be managed effectively. LBT is starting that process and it will take several years.
This may be as some say, to get the best value in asset sales as the Board sells off the company, or it may be simply because Intel at 100k is unmanageable, and needs to be scaled down to 50k (shedding product groups and some fabs) to be effective.
In that sense LBT is pushing for what the malfeasant COO and CFO should have been doing all along.