When you decide that hiring good people is actually a hard problem the most obvious solution is to stop trying, and just accept some bad hires in the org temporarily that you'll let go in the next round of cuts if they don't work out.
This actually works out fairly well for everyone - some people get hired and stay because they're good, some get hired and then dropped but they earn well and get a big name on their resume for their time, and the company eventually builds a stronger team.
I guess another strategy is to not hire a large amount of people. Companies like 37signals comes to mind. Obviously, this will not work for all companies.
Yep. People complain about social strata discrimination, leetcode interviews, blatant racism and sexism on hiring... Well, any real solution to those requires accepting a few bad hires and dealing with them later.
Otherwise people will always go into voodoo practices trying to avoid the inevitable failures.
This actually works out fairly well for everyone - some people get hired and stay because they're good, some get hired and then dropped but they earn well and get a big name on their resume for their time, and the company eventually builds a stronger team.