It was the same decades ago. And it's the same with a lot of embedded/electronics companies. They stick to hardware they know that will work, even if it is decades old, because that's what the whole company and the principal engineers used back then. And if they do have the newest/latest hardware, all the software must be backwards compatible with the old hardware, so you won't get to use the new features of the new hardware. Anything career building will be outsourced to a contractor, to make sure you don't learn anything transferrable. You'll have a three month or six month notice period which makes it impossible to change jobs.
They might have found it so hard to find staff that they offshore some work. So then they need headhunters to literally hunt down people with embedded experience. And I literally mean "hunt down". Stalking people via LinkedIn by looking for keywords. Even getting GCHQ to monitor Emails and social media for anyone posting a CV, then using those Email addreses and accounts to make connections. Sometimes even sending anonymous Emails or Linkedin messages providing "careers advice".