Have you heard of Amazon's "LP" interviews? It seems to be a little bit like that. The challenge there is to tell a number of well-rehearsed stories.
I thought it was just the leetcode, but it's the behavioral questions and system design exercises, too.
Eh, I'm coming across as cynical. I'll be fine--I just wish we (as an industry) had a better system.
Until, I don't have a job I'm not grinding leetcode. I also dislike people who refer to themselves as ex-faang. I really don't care.
Being able to tell a great story might not be highly valued at most orgs, but I think it's part of Amazon's culture and something they desire in their skilled positions.