For higher level jobs (i.e. directors+), 5-7 interview sounds pretty normal for a fairly large organization, and I don't think this has changed much.

1. Recruiter screening

2. Hiring Manager interview/screening

3. Hiring manager + your peer group within your org

4. hiring manager + your peer group outside your org (just because everybody is so busy)

5. Hiring manager + more senior leaders (this could take place before peer group)

6. Individual separate meetings with your future directs (more formality at this point)

Now, if it is a contract role, I will hire just after 1-2 panel interviews depending on level.