In my experience, the importance of the 1:1 is correlated with the size of the organization. At a 1000+ person company with teammates spread across 10 time zone

In my experience, the importance of the 1:1 is correlated with the size of the organization. At a 1000+ person company with teammates spread across 10 time zones, the meeting is a must because I have no physical cues. This only works, now, because of the ubiquity of video conferencing.