It's the usual management excuse when things are going south that hey hired too many mediocre people. Let's fire the whole team and have a new hiring process so

It's the usual management excuse when things are going south that hey hired too many mediocre people. Let's fire the whole team and have a new hiring process so we only hire the top 1%, 10xers. Two hard leetcode in 1 hour (2 interviews like that) and 2 day homework should be enough to weed out the low performers(but actually the process will be optimized to hire desperate devs and new grads).