The current approach has a huge false negative rate. It keeps out the bad apples but hugely favors marking a lot of good/great apples bad as well. The time inve

The current approach has a huge false negative rate. It keeps out the bad apples but hugely favors marking a lot of good/great apples bad as well. The time invested to study for these interviews is quite onerous in itself. So, I'll say I'm not a fan of the approach. That being said we do use the method where I currently work to interview. However, the problems are not some made up situation or a test of data structures/algorithms but a set we've encountered in real life. From what I've heard the whiteboard method isn't really popular with many companies today either but everyone is sticking to it until some other alternative which avoid false positives presents itself.