They wouldn't say that, they'd say 'I'm not sure if this person is a good cultural fit for our company'.
If I were interviewing in finance, I would definitely wear a suit. If I were interviewing at a startup or a digital agency, or equivalent, I would wear smart trousers (maybe smart jeans) and a shirt. That's playing it safe. Sometimes I interview people who are wearing jeans and a t-shirt and generally look pretty scruffy - I know that they know that that is probably the attire most of their potential future colleagues will be wearing, but it certainly doesn't impress me much. But maybe I'm just old-fashioned.
I thought there was a lot of good advice in those slides, incidentally.