Yes, but VR has the advantage of feeling closer to IRL meetups in some ways. Head and hand movement does a lot.
That said, I think VR/AR may eventually be a way to enhance online work meetings. It doesn't seem like it's there yet overall, but eventually I could definitely see it working.
There are tons of accounts of how you feel a sense of 'presence' in VR. The head tracking fools your lizard brain into thinking you're actually there in the virtual world.
If you're reading this site I'm guessing you have access to $400. Just go buy a Quest 2 and try it out for 10 minutes, and you'll see what I mean.