If you connect your Android phone to your corporate Google account, you will be required to install the corp monitoring software suite, which (among other things) includes both location tracking and nuke-from-orbit features. The company does encourage you to configure your phone properly to keep your private info in a separate non-corp account to minimize undesired data leakage, since the corp side of things is assumed to be observable for security and corporate policy reasons (I can't remember right now if the nuke-from-orbit would wipe the private side of the phone's install also).
You can choose not to do this, though it will probably limit your career prospects in the long run (especially if you're SRE and need a convenient notification solution for when you're on-call). Although, honestly, if one doesn't trust Google's handling of private information, one should probably re-think one's employment relationship with them.
Anecdotally from my own observation, plenty of employees comply because they trust Google's handling of everyone's private info, including their own (and that's even given the understanding that Google's access to one's "private" info when one is working as an employee on corporate tasks can be more open... They won't snoop your personal Gmail account, but they absolutely reserve the right to investigate your corporate one, for example).