My criticism was mostly towards the very poor metrics these companies have introduced behind hiring, albeit I can understand that given the gigantic amount of applications they get a mechanism for removing false positives is acceptable even if missing on false negatives.

And even more that it spread to companies that do not have their problems and can't afford false negatives.

Looking at second-order effects, many companies look up to FAANG for "best practices", which often includes them blindly copying their hiring practices. Without feeling or calling out any healthy skepticism, the software hiring world becomes a worse place overall.