Every employee with a reasonably recent office suite can produce a high quality PDF of whatever they are producing.

I actually have done such things. It’s not that bad - the process of review is the painful part.

Nobody has the skillsets to manage latex source code in a collaborative environment. I actually did a pilot a few years ago with Markdown and GitHub to collaborate on a large report for a multi-organization project. We quickly abandoned it for Word/Sharepoint and it worked fine.

The only practical exceptions I can think of are typesetting for publishing and bill drafting. Both are narrow use cases with specialized staff and tools. I definitely see where having a system output LaTeX could be useful for those use cases. But not the the collaborative aspects.