Ah, you're talking about those programming jobs that never require thinking about algorithms?
I've been working as a programmer—largely PHP, Java, Objective-C, and Swift—for over 20 years now, and never, in my work, have I been asked to invert a binary tree, reverse a singly-linked list, or any similarly contrived scenario.
There's a huge difference between "thinking about algorithms" in the most general sense of that phrase (which means basically any programmer who does any of their own design work) and in the sense of the particular "algorithms" that we learned in CS classes and are featured in Leetcode problems.
Search engine: read material about the heart of the problem from domain experts, try different approaches and then decide.
Leet Code exercises are a blight on our industry.
If you want a shibboleth just say so.
Whether you realize it or not, you're advocating for keeping people who aren't already mid-to-upper-middle-class (among others) out of these kinds of tech companies. Anything that's designed to make you work hard extra, outside of work to learn separate skills just to pass interviews is guaranteed to make it disproportionately harder for people who are, for whatever reason, unable in practice to devote many hours of their free time to fairly complex technical studying.
No matter how "disciplined" they are, people already working 80 hours/week just to put food on the table don't have the luxury to be doing that. No matter how "smart and/or determined to succeed" they are, people raising 2 kids by themselves would be irresponsible to be doing that.
Now, maybe you think that kind of person should be denied an opportunity to join the super-1337 hackaz' club that is FAANG or whatever. Personally, I think that kind of classist gatekeeping is disgusting.