That makes sense.
Sounds a bit like what my old timer buddy says.
Google's KPI is hiring talent away from competitors who physically live in the San Francisco bay area. And the ads/ML teams that they drench in their 1%ers.
Everyone else is window dressing.
Personally I think there's a strong correlation between necessity and hiring quality (i.e. if teams really need the help, they typically engage candidates more meaningfully than the Google-style clinically impartial methodology)