Smells like management trying to recapture the glory days by brute force.
> "focus on building great products, not preparing for meetings"
That says it all. The intent is to try to spark the freewheeling, creative, startup days. Wouldn't be the first company that tries to reconnect with its startup roots. Won't be the last, either. Unfortunately, it never works, because those rockstar startup employees cashed out their stock and moved to the Napa Valley. Your workforce is now indistinguishable from IBM or Exxon Mobile. Good luck!
> Mosseri joined Facebook in 2008 as a designer and became Instagram's VP of product in 2018
Bingo. Old dog, new tricks. Good luck!