The truth is that nobody likes being interviewed. Getting tested and judged by strangers isn’t fun.
But developers also really don’t like being surrounded by unqualified developers who slipped through a weak interview process. They also don’t like having significant numbers of their teammates fired and replaced all the time because the company had “hire fast, fire fast” interview styles. It’s miserable and slightly terrifying to work at a company where nobody really wants to invest much time into building relationships with new hires because many of them are going to be PIPed out before the year is over.
So while the interviews may not be fun, the reality is that strong developers really appreciate the outcome of such a rigorous process. It also helps protect people from becoming false negatives because they didn’t mesh with a single interviewer or struggled with a single interview problem.
So now we’re at this weird equilibrium where devs simultaneously hate the interview process for themselves but appreciate it being applied to everyone around they (even if it’s not immediately obvious).