Postgres LISTEN/NOTIFY does not scale (via) I think this headline is justified. Recall.ai, a provider of meeting transcription bots, noticed that their PostgreSQL instance was being bogged down by heavy concurrent writes.
After some spelunking they found this comment in the PostgreSQL source explaining that transactions with a pending notification take out a global lock against the entire PostgreSQL instance (represented by database 0) to ensure "that queue entries appear in commit order".
Moving away from LISTEN/NOTIFY to trigger actions on changes to rows gave them a significant performance boost under high write loads.