Remember, this was shepherded by Stephen Miller and others in the administration whose explicit aim is reducing immigration by every lever available.
People thinking this is some kind of "good move" need to try to remember what administration they're talking about. If you don't understand the play, it's not because you're not being played.
Requiring degrees for doing anything is a big step backward. I'm working for Google and lots of my peers are from non-CS majors (Physics, EE, even literature), but they are all excellent engineers.
For certain technically focused jobs it's easy for other skilled practitioners to tell that you can do it.
A degree is nice but is actually less useful for signalling than concrete, interesting work in the field because the latter is rarer.
I've seen this play out particularly in computer security and low-level software development.
Where lack of qualifications really holds you back is when you're being hired by non-experts. They usually can't evaluate "direct evidence" and must rely on credentials instead. Paradoxically this means you can have an easier time getting hired without a degree at a "top" company than a mid-tier one.
On the other hand if you have a team of domain experts who are passionate about subject "S", they don't actually care about "Q". They care whether you have deep interest, expertise and potential in their domain area. They want to know what you can bring to their team. Now, a lot of times a good candidate will be someone with a PhD in "S", but it's not about the qualification. It's about "S".
"No degree" hires usually don't come in the HR front door as a "fungible human resource". They usually get noticed or referred by someone passionate about "S", for a job doing "S".
I don't actually know if this was the OP's situation; there are other ways this can work. Good recruiters will try to hoover up talent by searching for people with relevant work experience (substituting that for a degree) and throw them into the funnel.
A degree is valuable in some regards, but it is not a mark of quality of candidate. Similarly the lack of a degree is also not a mark against a candidate.