Combine that with daily standup, a once-weekly meeting to just hang out for 30m or so, check-in with manager, team meetings (meetings for everyone under a particular manager), multiple demos per week from various areas of the company (technically optional, I don't go to most of them), all-staff meetings, ad-hoc meetings with people from other areas of the company for specific work when they're a dependency or stakeholder, etc.
It's laughable.