Well, my anecdotal evidence doesn't support this.
I've done 500+ interviews for big tech, and often it is easy to spot people who have grinded leetcode. They excel at DSA, but fail at system design, or even low level design.
The thing is that overall I kind of agree with this article. Leetcode is great as a fun coding exercise. I also think they help the craft like katas help martial artist to practice.
The problem is when me getting the job depends on solving a coding puzzle. Sometimes I can solve a leetcode hard with ease and sometimes I get completely blocked in a medium one. Getting a job becomes more of a random toss than assessment of my skills. And yes, my company, and by extension me, are very guilty of this.