This is not entirely true. Google doesn’t have enough interesting work for even its “better” engineers. Amount of hoops you have to jump to do any good work is enormous and it takes toll unless you’re in a really good org. It’s a good place to work but you’ll be lot less starry-eyed about Google once you cross your L5 promotion.

Also it’s entirely possible to land in a good team as a new-grad. Be a little picky during team selection.