Quite possibly. Had a mock interview with one of their senior engineers on campus who was impressed and referred me, so I was surprised at being rejected before even the initial phone screen. The rejection email mentioned a new policy of "no new grads (bachelors) for fulltime SWE".

Also possible that I was referred to a particular position which doesn't consider new grads. Do you happen to know if your acquaintances get hired on as fulltime SWE or something different(SRE, residency, etc)?