Conversely, imagine if you're using some tools developed by a far off team within the company. Every time the tooling team decides to make a change, it will immediately and irrevocably propagate into your stack, whether you like it or not.
If you were at a startup and had a production critical project, would you hardcode specific versions for all your dependencies, and carefully test everything before moving to newer versions? Or would you just set everything to LATEST and hope that none of your dependencies decide to break you the next day? Working with a monorepo is essentially like the latter.