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The top companies with these leetcode tests probably don't care that good people being rejected or avoiding them because of the amount of preparation required. Middle sized companies and startups doing leetcode tests are missing good people and probably can't afford the same number of false negatives as someone like Google with an endless supply of candidates. It seems like smaller companies often lazily copy these processes despite it likely costing them good engineers.

Having gone through the process recently I avoided companies with puzzle solving hiring procedures because I was confident that I could find well paid, interesting, work without jumping though those hoops. As you get more senior there are more people you have met and worked with with employment opportunities. It gets easier to find work by asking around and finding someone who will hire you based on recommendations or having worked together before.

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