I don’t particularly mind algorithmic interview questions (they’re at least self-contained, somewhat objective, and something you can prepare for), but most software engineering has always been done by people with no knowledge of algorithms or compsci fundamentals. What’s being lost is coding fluency, not compsci knowledge.
I think you misread. I never said not to learn it. In fact, for your entry level I would recommend testing for it. At senior+ it should be more about software architecture, design patterns, and distributed systems.