Just leave. Most companies in high cost and high income areas are just doing this as a way to do layoffs, imo. My company recently announced that the three day work week, with hundreds of people asking how they were going to address the fact that our office is in Mountain View and that Staff+ engineers are having to get room mates so they can live less than an hour from the office. Our HR head basically said not my problem and then went on a lengthy discussion about the culture they wanted.
This is people's callousness reaching heights as people who were able to secure things like houses that are now worth millions and big cashouts in tech are coming to the height of their careers.