I'm curious what changed around 2015-2016 that led to the current interview process. In the before times the interview was more of a technical conversation, sure they had some gotcha questions, but nothing too brutal. If you had real experience that you could talk about, maybe it was validated against references or a background check. People usually looked for a CS or adjacent degree, and that was enough. The quality of folks wasn't too different in my experience.
I really feel for those with a lot of experience that are being dropped into the fire, especially those with families who may not have the time to memorize patterns for 3 months, but are still very capable. Non-tech, low paying jobs now ask you to create a soduko solver or trap rain water within 45 minutes. There's not many places to go for those that don't 'adapt'.