In your environment, does a college degree matter?

Skills, not degrees. (Jeff Weiner, CEO of LinkedIn)

In Brazil, I can see a lot of companies changing their mindsets about hiring only people who have a college degree. With the ascension of online learning, and well known educational organizations, like Udacity, some companies are valuing more the skills than the degrees.

Unfortunately here in Brazil, although some companies are changing, this is a distant reality.

In your environment, does a college degree matter?