And that reason was legal precedent: it's illegal to administer an IQ test as a condition of employment. So they administer a disguised IQ test in the form of Leetcode questions instead.
Huh? They used to ask brain teaser like questions, not anything that I would consider to actually be an IQ test or really even all that close to one in a legal way.
Yep. IMO that's the way ANY degree is looked at (aside from Medical, Law, etc.. you know the drill).
You want a lower level administrative job? You better have a degree so we know that you're not stupid. Now you get to pay off your loans with 20 bucks an hour.