I would be willing to believe it, but only with the caveat that the companies tell employees to just keep the hardware.
I've known of at least one company that would tell devs to keep their old equipment that cycled out as a perk. I've also known quite a few IT teams that basically don't care about a 3-4 year old Dell/HP/whatever and are just as happy to have you keep it as they are to ship it back, wipe it, and recycle it.