>For a typical job there were four or five interviews: an initial interview with a recruiter, an interview with a hiring manager, one or two technical interviews (either live coding, or going through a take-home assignment). There could also be an interview with a product manager, and/or one with a CTO or founder. All in all, quite a time commitment. This is not news at this point, but it is pretty crazy.
Now think about being the people doing the recruiting, offering to 1% of the candidates they interview and still failing 30% of them during their trial period. Hiring is a huge time sink for all people involved. The best people are hard to find and the best jobs are hard to get.
Meanwhile, cargo culting and FOMO leads companies to adopt tech stacks, interview styles,... that make sense for FAANGs and other unicorns, but not for your average setup.