Towards the end of their severance time, Infosec will run a remote wipe so if their endpoint ever connects to Wifi it'll get nuked. They tend to wait a bit to ensure there's not something on the laptop that needs to be recovered for the company – or the employee says they had some critical personal things on it. Either way the only way they get it back is by sending it back and letting the Helpdesk pull the data.
Worst case, an employee doesn't send stuff back and we write it off. It's really not a big deal. Mandatory FDE + device wipes when a laptop comes online means any data is protected, which is 100% of what we're concerned about. No one cares if an employee gets a "free" MacBook that's a few years old.