Honestly, this doesn't sound much different than a year ago, five years ago, or ten years ago. Companies never seem to be serious about hiring: they go fishing but never reel anyone in, they ghost you after a few communications, they reject your application with automation, and even if you have an internal referral, the referrer is usually only able to do "Go apply through the normal funnel and if you get through the…
This rough estimate agrees with the data I've collected from my own job hunting. My data say 100 applications : 14 interviews : 3 offers, specifically.