It's not a new problem. In a previous job long before remote, we had a 1.5 hour long biweekly meeting named "Team Meeting". No agenda, no goals, never went less than the full alloted time.

Actually we didn’t know how good we had it.

I work at FAANG annd after a certain point in seniority your entire job becomes a solid meeting block. A trend I’ve seen in at least thee companies is that my peers start scheduling fake meetings out of desperation to get 2-3 hours of real work done (Because any calendar gap is immediately filled).