I've noticed that many of the most "prestigious" places to work do a wildly fake process aligned with academia to recruit employees. It creates the illusion that jobs are coveted... They present you with challenges and questions over a long period of time which are actually directly tied to their own internal problem solving if you are a senior level hire as well (free work), and they catalogue personal info and data from you interview to build an internal profile on you that is used in God knows how many ways...
They also subject you to high-school level team picking, which is deeply rooted in internal/company politics and an additional dynamic of company bias and it all enables the company orphan you easily if they find you don't submit to being overworked easily and complying with the deep team culture that each company evangelizes.
People are pressured now more than ever to adopt rules of conduct that encroach upon and threaten their individuality now more than ever by large companies.. Even when you log on to apps like TikTok and Instagram. Your individuality and experience are often thrown out in working environments so that you become a cog in the wheel, and more easily replaceable for these companies, not so that you can one day grow to be a CEO or Exec, and even still, those types of positions are often reserved for others who can fail multiple times and not get fired, while if you fail on the months long hiring process, you'll never survive.
On the inverse, I have been hired by smaller and medium sized contracting companies for much better salaries, and they often hire within days or weeks. I have very little patience for dragged out hiring and onboarding processes now. I work efficiently, do a good job, respect everyone's individuality and culture, and then go home to enjoy my life. I only work at companies there that is the culture. Luckily, if the market is screwed up or too hostile, I just work on my own ventures, it took 20 years of suffering through hostile corporate cultures and attempted indoctrination to get to this point where I have the choice.
None of the large corporations I've worker for called to check on me since our breakups, but most of them would likely rehire me if I re-applied... Not being arrogant, but emphasizing that the internal rules are frequently bent to serve the needs of delivery...
The people that get chewed up worst by the machine often have the lowest technical skills and ability, experience, and self esteem. I don't put any company on a pedestal; I just work efficiently and effectively with integrity, constantly learn (well aligned) stuff that works to get the job done, rely heavily on my prior experience, fight to keep solutions simple, and adapt constantly to efficiently meet goals... Company "culture workshops" and even colleges will never teach you that.