What folks need to remember is the employers who are primarily known for asking this generally have no problem hiring people who are good programmers and ALSO good at e.g. Dynamic Programming. And no, as much as some try to frame it, the two skills are not directly at odds with each other. Therefore, between a good programmer who can “Leetcode” and one who cannot, why wouldn’t they pick ones that are good at both?

And sure, if your company don’t have that luxury, don’t cargo cult. Hire a good enough domain expert for your specific needs.