It vastly depends on what software you're forced to use.
Here's some software I use all the time, which feels horribly slow, even on a new laptop:
Slack.
Switching channels on slack, even when you've just switched so it's all cached, is painfully slow. I don't know if they build in a 200ms or so delay deliberately to mask when it's not cached, or whether it's some background rendering, or what it is, but it just feels sluggish.
Outlook
Opening an email gives a spinner before it's opened. Emails are about as lightweight as it gets, yet you get a spinner. It's "only" about 200ms, but that's still 200ms of waiting for an email to open. Plain text emails were faster 25 years ago. Adding a subset of HTML shouldn't have caused such a massive regression.
Teams
Switching tabs on teams has the same delayed feeling as Slack. Every iteraction feels like it's waiting 50-100ms before actioning. Clicking an empty calendar slot to book a new event gives 30-50ms of what I've mentally internalised as "Electron blank-screen" but there's probably a real name out there for basically waiting for a new dialog/screen to even have a chrome, let alone content. Creating a new calendar event should be instant, it should not take 300-500ms or so of waiting for the options to render.
These are basic "productivity" tools in which every single interaction feels like it's gated behind at least a 50ms debounce waiting period, with often extra waiting for content on top.
Is the root cause network hops or telemetry? Is it some corporate antivirus stealing the computer's soul?
Ultimately the root cause doesn't actually matter, because no matter the cause, it still feels like I'm wading through treacle trying to interact with my computer.