Twist endings, do they actually make a short story better or are they an overused crutch at this point

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The twist ending has become one of the most recognisable devices in short fiction, popularised heavily by writers like O. Henry and later leaned on constantly across countless other stories, films and television episodes, and a genuinely well executed twist can transform an entire story on rereading, revealing that small details scattered earlier were actually meaningful clues all along rather than incidental description.

Critics of the device argue it has become such an overused shortcut that plenty of writers now seem to construct an entire story purely in service of the final surprise, sacrificing genuine character development and thematic depth along the way in favour of a single satisfying gotcha moment that ultimately proves fairly shallow once the initial shock wears off. Do you think a genuinely well crafted twist ending elevates a short story, or has the device become such a predictable crutch that it now actively works against genuinely strong storytelling?