If they're swamped, and they're asking all the ones they're swamped with to do a project that takes hours, that's abuse.
Why abuse? Well, let's say they have three solid candidates. They ask each to do an assignment. Would I do a 6-hour project for a 33% chance at a job? Maybe, especially if I really wanted that particular job.
Now let's say they have 30 candidates that they ask. Would I do 6 hours of throwaway work for a 3% chance at a job? No - not knowingly. If I'm an average candidate, I'm going to have to do that 30 times to land a job. That's 180 hours, or more than four full-time weeks of throwaway work. That's an abusive process.
Could I spend just as much time interviewing? I could, but there's a difference. If I'm interviewing with you, you're there talking to me. You can't waste my time without wasting your own. Whereas with a take-home assignment, you can waste my time but waste little or no of your own. As a result, interviewers (usually) pay some attention to not doing needless interviews, but pay less attention to not asking for needless take-home assignments.