Thanks for the clarification. I wrongly assumed Microsoft was using Wi-Fi positioning systems (which is used for geolocation, just not in this particular case) instead of reading their documentation.
I’ll update the comment.
I also don’t think most workplaces are going to punish you for opting out of this feature even if organizational policy requires it to be enabled.

I see your “snakes have two penises” and raise you “kangaroos have THREE vaginas”.