To be fair, recent grads also have an enormous amount of trouble breaking into the industry. The prisoner's dilemma of training up the graduate at a negative return for 2 years before watching them get poached is an issue that's been thoroughly canvassed around here. I think it's beneficial to the health of the industry that tech giants are at least somewhat willing to calibrate their hiring processes towards that class of applicant and take on that risk, and I hope they don't move away from that just to even further pad the career prospects of people with 5-10 years' experience.