There's another level of people who are the sort with a reputation that means the leetcode-hazing employers wouldn't dare force them through the usual gauntlet (as they'd refuse), but that's a vanishingly small set of folks. And anyway, I think a lot of them (but not all!) end up doing more "soft" work than banging out code, by the time they're in that phase of their career.
So, yes, it's kinda dependent on employers.
There's another level of people who are the sort with a reputation that means the leetcode-hazing employers wouldn't dare force them through the usual gauntlet (as they'd refuse), but that's a vanishingly small set of folks. And anyway, I think a lot of them (but not all!) end up doing more "soft" work than banging out code, by the time they're in that phase of their career.