I experience this in my non tech, corporate job. Its mostly non pertinent information to my actual job which is why I think I generally tune out, but of course all the suits think it’s just the most important info so they hold meetings. And all your peers that do know what’s going on when they don’t actually need to, are suck ups who probably are not good at their job and want to get into management. I wouldn’t worry about it unless you have dreams of becoming a suit, but that is just my 2 cents.