Makes sense from personal experience. At my company we have 1 no-meeting day a week (Thursday). Especially since I've gotten into management I've found Thursday to be my favorite day and I probably get ~70% of the actual code work I do in a given week done on that day. If you don't have something like this, I really recommend it!
During Covid my company had a 32 hour week for a year and we lost zero productivity because the first thing that was eliminated were the meetings that just fill time but achieve nothing.
In all cases, the people who pushed the most for meetings were the ones who contributed the least, and in fact had a negative impact. Nowadays it's a nonnegotiable rule from the start in our agency when taking on new clients.
Unfortunately, some companies approach culture and DevEx as an additive system where they keep piling more meetings, more engagement, more activities, and more process on top of everyone’s responsibilities.
When a company approaches DevEx and culture by subtracting things that aren’t working it’s like a breath of fresh air.