I have the opposite situation: My personal computer is faster .
There certainly is a logic around not wasting money where it'd do no good - but companies that are tight with employee capital expenditures make me really nervous. It's a thing I've avoided consciously in employers since my thirties - if you don't value me enough for a decent keyboard, a chair, and a sufficiently performing computer - then you don't have anyone who is sane at evaluating RoI at your upper echelons.