Earlier quoted context omitted.
Depends on the company! If it's inauthentic though, employees can smell it from far away.
I have no doubt it's meant in good faith at many companies, but it's almost sure to be used unfairly. A lot of people, especially folks who don't feel safely part of whatever in-group, are going to be hesitant to push that policy, especially because being on vacation can be an imposition on your coworkers. I suspect you could implement the same policy in practice with less social anxiety by mandating N weeks of vacat…
Mandating vacation is a good idea when they really mean it. Use it or lose might work. Fixed days with payout if you quit or an option to cash out works too - companies carry it in their balance sheet and encourage days off as a result.