The problem today is not that to get into FAANG you've got to jump through hoops and loops like a well-trained cage animal (aka fresh graduate) but that this is getting applied more and more to literally any startup under the sun, even some with 0 funding.
As a first engineer for a tiny startup, show me some past projects and let's grab a (virtual) coffee talking tech, that's all.
Now it's like McDonald's requesting to perform Michelin level dishes under 45 minutes with Gordon Ramsey in the room while still ending up flipping burgers minimum wage at the end of it all.
If this keeps going and getting worse, I wouldn't mind a butt-plug communication, as long as I can pick my favourite AI (I personally kind of prefer Claude right now over ChatGPT.)