Yes but you still need the journal's stamp of approval for your CV - in my past life having the paper on biorxiv did not count towards anything.
The number of papers per year in the top 20% of journals in the field was one of two metrics they assessed my career progression by (along with grant money). As long as universities and funders require similar journal-based KPIs we will not make any progress.
I wish I could make your comment the pull quote for this discussion.
Break the an oligopoly by making them irrelevant. Academia cannot continue to feed these monsters with free resources and then also try to contain them.
The number of papers per year in the top 20% of journals in the field was one of two metrics they assessed my career progression by (along with grant money). As long as universities and funders require similar journal-based KPIs we will not make any progress.