Time is the one resource that none of us can get more of. It is not saved, like money, to be spent on some future endeavors. It does not accumulate interest. It does not grow with market fluctuations. We get what we get and nothing more or less.

When an applicant has already taken the time to develop a resume that illustrates their skills along with a portfolio/repo that proves said skills, you callously dismiss that work and past experience by making them jump through hoops in your application process. This starts the conversation by telling the applicant you do not value their efforts thus far, whether you actually do or not. It's not a good foot to lead with.

Filtering through thousands of applicants is tough, no doubt, but if your company is successful enough to be receiving that many applicants for a position, then it is successful enough to hire and develop a robust HR or recruiting department that can vet these applications with actual human contact. Yes, this costs money, but if you want to make the omelette, you need to crack some eggs. If you cannot afford to take that path, then you cannot afford to grow, making it tougher to find quality applicants.