You seem to live in a bit of a bubble, personally I've never seen anything other than penny-pinching on corporate laptops and everybody everywhere complaining about the same.
(I don't mean that IT departments hand out bottom-of-the-barrel plastic laptops which break every five minutes, but rather fairly low-spec Thinkpad/HP/Dell business laptops with just enough RAM that their bloated Windows 11 installs are barely not swapping when idle and just enough SSD space that Windows Update doesn't fail)
I work in e-waste recycling. Most of the PCs and laptops I see are corporate IT decommissions. Most of those have i5 CPUs, and only a handful are i7. Few are cruel enough to afflict their wage slaves with an i3 or less.
Poorly run IT organizations certainly exist, even in F500. I’m telling you why it’s done, not that it universally is.