It's almost guaranteed to ensure only false positive work makes its way through. If you're picking 0.05 as your P value, and you're running dozens to hundreds of tests, your false positives are almost certain to exceed your actual positives.
When I'm working for clients that do a lot of A/B testing, I suggest that they should always run A/A tests to ensure that they're not incorrectly rejecting the null hypothesis. If your A/A tests are showing significant differences, you have a problem in your testing pipeline that by definition can't be cured by more testing. You need holdout groups and selectivity about what to test, instead of just throwing everything at the proverbial wall.