Can I hide squad/party-members name in open world?

I recently started playing the game again and whenever I join a squad I only see a wall of names. Names everywhere! How can I hide them? The "Show all player names" option is unchecked, but squad and party members names are still shown in regular maps, while for example the names of your squad aren't shown in raid maps.

unfortunately there is no way to hide squad/party member names. I only wish there was, I've been wanting it for years.