This seems to basically be true for any well paying ( > $200K) job at any of the better paying tech companies in the US. It’s all about the passing the algorithm coding interviews.
As someone who's been involved in hiring for these companies - it's more accurate to say that for all but the most exceptional candidates, a decent score on the algorithms interview is necessary but not sufficient. I've seen fairly similar performances in technical interviews result in offers for mid-level (~$350k), senior (~$500k), or staff (~$700k) based on experience and the behavioral interview.
There a number of large, well funded “startups” that don’t do the traditional algorithm based interviews but still pay at or above that range.