Realistically its just the blind leading the blind. People have forgotten that a interview process was designed to avoid false positives, and that the companies who were most selective were providing top 1% comp and had brands that could carry that weight. If you are google and you were handing $500K in RSUs on top of $300K+ in salary, you better damn pick the right candidate...

For some random SMB in shipping or something to be bashing people over the head with 10 step-leetcode-full-panel-10-hour-systems-design interviews they just don't get it. For starters they probably don't even have the talent to properly evaluate the prospect. So who are they helping?