If the business model of Elsevier/etc somehow collapses, I wonder how universities will make hiring decisions? They high fees of their journals are effectively

If the business model of Elsevier/etc somehow collapses, I wonder how universities will make hiring decisions? They high fees of their journals are effectively a recruitment or candidate selection service paid by university libraries and serving departments when they hire faculty. Perhaps they'll have to revert to assessing applicants on their merits instead of such arbitrary metrics as the impact factor of a journal that they published their work in.