Buddyroll, this is the way it works now. I was recently laid off, but I could see it coming and have been looking for a new job for maybe 6 months. One place put me through 2 rounds of phone interviews and about 4 hours of in-person interviews over the course of a day. Thought I did pretty well. Never even got a "thanks, but no thanks".

Another place I'm interviewing with right now has already put me through 3 rounds of interviews with the last one being almost 3 weeks ago, despite being contacted directly by a recruiter, and when I sent them an email checking in to see if I was still being considered, they basically said that yes I was but that the person I spoke to last had other interviews to finish and that there had been scheduling conflicts with the other candidates, so they'd check in with me when they knew whether I'd advanced to the 4th and final round.

I can't even begin to tell you how many applications I've sent out over the past 4 years or so since I've graduated college that have had no response. Hundreds and hundreds of them. Despite many of them having tailored resumes and/or cover letters.