Of course not. All the companies are simply wrong. They're falling for management/hiring fads, or relying on old superstitions. This happens all the time. "Companies are using it" says nothing about whether it's actually reliable.
Specifically, many studies and meta-studies have failed to show correlation between MBTI results and job performance. Here is one such summary: http://www.opd.net/abstracts5.html
Furthermore, your willingness to buy into the narrative (and others' willingness to also believe it) that by categorizing certain people into stereotypes and assuming that most of these people tend to excel at a particular set of tasks is most likely what limits them from excelling at tasks that lie outside of their respective sets just as much as their true predisposition to not excelling at them.
Saying that any profiling technique has zero predictive value is a very bold claim.
Even one's astrological sign has predictive value: [1]. And yes, this has been scientifically proven.
[1] http://www.medicaldaily.com/how-birth-month-influences-perso...
For example, companies fruitfully extract predictive power from whether a user clicked a link or not. Facebook extracts predictive power from whether users like videos, et cetera. So why shouldn't an elaborate test that was developed to have meaning, not have any predictive power?
There are results that show MBTI has no predictive power against job performance. It has not been tested against any other measure.
That said, MBTI shows bad orthogonality in the factors in its response. This suggests the factors are ill defined.
Could you provide a reference?
Does this have predictive power? Yes. If I needed somebody to take care of small children, would this test be useful? Yes of course. If I had to pick people blindly for this task, except for the results of this test, then this test would be very useful. Now, MBTI is more sophisticated than this simple test. So to say that it has no predictive power is just silly.
I'm saying that the fact that some people are using it for some purpose doesn't mean that it's actually useful for that purpose.
As for your response, the burden of proof really lies with its proponents - is there any proof of its alleged predictive power?
Without this, I don't think it's reasonable to assume that it is in fact predictive.
For example, the simple test of whether a user clicks a certain link or not already has predicitive power (companies are using this, fruitfully). So a more sophisticated test like MBTI certainly has some predictive power.
Additionally, the added (relative) complexity doesn't imply anything about its qualities.
This is a null argument.
Unless you show that those predictions actually assess whether someone is fit for those tasks this is absolutely content free.