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>Bad interviews make for bad hires. Bad hires can cost a company more than not hiring at all.

But is that really true? There are plenty of companies who take a Fire Better approach (Amazon, Netflix to name a few) who seem to be doing just fine.

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Worth noting that, at least as far as I've heard, the pressure on employees in at least some roles at the two companies you mentioned is incredibly stressful. I would rather have an interview without undue stress than a stressful one, but I'd rather have a stressful interview than continuous stress on the job. (I am differentiating here between "working on difficult problems" stress and "always wondering if you're going to get canned" stress.)

Not being able to tell if it's a bad hire is the core problem for the rest.

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