[democracy]

I like your optimism but no - you are still hired via "excels at hackerrank", every big tech company first interview is exactly this, no matter how many projects your delivered and how useful you are/were at you previous job.

[lmpdev]

This seems to be largely an American phenomenon

In more minor markets like Europe/Australia it seems to be a lot less leetcode and a lot more (1) experience (2) degree (3) actual interview performance

[sjzhzhz]

This is more so because the US companies have been flooded with East / South Asian workers. The proliferation roughly tracks with a decrease in white (European) American representation in tech companies. US companies used to be much more like you described.

[democracy]

AtlasSian? Canva? Absolutely the same process in Australia. Smaller shops/contractors - sure.