With rare exception, team bonds at big companies are superficial and these forced social situations aren't going to produce deep bonds.
More to the point, I have work I actually want to do, and shit like this isn't going to get it done any faster. Nothing you learn about my dog, kids, the weather, etc is going to make work faster, on the contrary the absolute best case is that we'll spend more time catching up about non-work shit.
If management has time to think this stuff is a good idea, they aren't good managers, especially if they manage anyone that has no interest in these things.
Feels relevant somehow, consider listening to act one of https://www.thisamericanlife.org/796/what-lies-beneath