Companies that have a 7 round interview process are not serious in hiring in general. Sure if some super-genius comes along.
But no, it's just a performance. The director can claim they're behind on projects because they don't have enough staff, but everyone they interview isn't qualified (because the interviews are impossible and nearly everyone trips up)
I started seeing this pattern recently.
The companies that are serious move fast. A chat with the hiring manager. A couple technical interviews, maybe on-site for 2 hours. A chat with someone higher up. Done, offer made.