You just described something that comes very close to "hire to fire".
I've been in Amazon for long enough to see the hiring bar float up and down a lot, with big differences based on the team and the country.
Once you put together URA and the staggering attrition rate that exists in many high-pressure teams the managers are left with only two options:
A) Hire very skilled and productive engineers and then find ways to push them out of the company later on B) Let the bar slip sometimes and keep the good engineers for a bit longer
By all means, "A" happens far more frequently than "B" and, in many ways, it's even worse.