I work with novel algorithms all day (I'm writing a decompiler.) The more I learn, the more I have confidence in the fact that I have absolutely no hope of
inventing an algorithm that doesn't already exist; and that I shouldn't waste my time
trying, when instead I could be spending that time digging through the nigh-infinite vault of potential solutions to my problem known as "the output of CS academia."
Software engineers aren't mathematicians. We don't invent algorithms or data-structures. That's not our trade-skill. And even actual mathematicians don't sit down to solve a real-world problem that no maths they're aware of directly solve—and then produce novel maths, and then use them to solve the problem—the very same year, let alone the same hour.
What I can do, as a software engineer, is to take algorithms that exist, and repurpose them or glue them together in novel ways that the designers of those algorithms never thought of, to do something new. Bitcoin, for one example, is a feat of pure software-engineering: it takes four or five existing well-known algorithms, and puts them together in a novel combination to solve a problem. I could maybe invent Bitcoin. But I can't invent Floyd-Warshall, if I don't know about it.
Google doesn't employ computer scientists (i.e. mathematicians who invent algorithms.) Alphabet does, under DeepMind and Waymo; but Google itself only employs—and only needs—software engineers.
Asking a software engineer, under pressure, to derive a novel algorithm, is a bit like asking a chemist, under pressure, to derive a novel class of chemical reaction; or a materials scientist, under pressure, to derive a novel material.
That's not the type of pressure that a real-world person in these jobs will ever be under. And moreover, it's precisely the type of pressure that people with experience in these positions have learned to mentally associate with "going in the wrong direction, toward wasted effort", flinch away from, and to turn around and study the literature instead.
It's ironic that Google expects its employees to all have university degrees. If there's one skill people who've gone to university are guaranteed to know (and to have built up a reliance on), it's consulting the literature.