Comment by TheGRS

I think that loyalty counts when the decision-makers are more localized. People who show up and demonstrate that they care will generally get the bonuses from their direct managers or higher up managers who recognize the effort (because it happened to cross their path somehow). But these monetary decisions are more and more just calculations on a spreadsheet - here's your 3% annual pay increase and we can allocate 10% of the workforce gets a larger raise to ensure 80% retention. When the layoffs come it has nothing to do loyalty and often has little to do with competence in the role. Hopefully the guy with the spreadsheet is considering whether they can continue to run the business with certain individuals or not, but I don't think it ever gets that granular. This is the MBA era of business.