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I think if there's an opportunity to write a cover letter it should be written. I don't write an entirely new letter, of course. I have a core cover letter saved as a Google Doc, and I can customize it depending on the position and company I'm applying to. The value of a cover letter is that you can highlight things that may not be obvious in the bare bones resume format. And you can show some personality or writing style if that's appropriate. If someone just repeats what's on their resume, then there's no point to it.
I don’t think they’re a total waste, but I do think recruiters care more about resumes. I only take the time to write one if I know a human is actually going to read it.
I don't think they have ever worked for me ....
Cover letters are like New Year’s resolutions — we all pretend to care, but no one’s really reading past the first line.