Should companies stop holiday parties? They feel like an outdated tradition that doesn’t really work anymore.

What do you think? I personally hate them. There's nothing worse than feeling pressured to spend time with coworkers after hours and pretend like you give a shit about them or the company. What's worse is I have friends and family that have to TRAVEL HOURS to a city or another state to attend these things. Travel, of course, is not reimbursable.