In this day and age, yes, you are largely correct, but I don't think it was always so. I get the impression that at one time, "loyalty" between employer and employee actually meant something in both directions; the company might take some losses to hang on to people and/or help them out. Perhaps more so than would happen today.
The chocolate maker Cadbury would be a good example of this.
The chocolate maker Cadbury would be a good example of this.