Comment by bbarnett
There are good and bad companies. How you are treated is how you gauge it, and good companies do deserve "working" loyality.
This is different from personal loyalty.
It's a little like politeness. Social grace. Don't demean yourself of course, but treating entities which treat you well reciprocally is valid and even moral.
A good or a bad company is really defined by people you work with - your team. Countless conversations in other forums where you'll see radically opposite opinions about the the "company" from different employees. It all boils down to the local working context. Companies are companies - maximizing profit is their primary goal (at least in the US). There may certainly be some exceptions. Entities don't treat a person in any way. It is the people in the entities that treat you well or not. Entities are impersonal.
If the CEO, who is 6 levels removed from me makes a decision to cut an entire department, it is hard to see how "company" loyalty makes sense. As far as I'm concerned, the CEO is an external force.
Social grace, treating people well who treat you well - I agree with all that. But that is not loyalty. It is simply transactional reciprocality. If you are calling that "working loyalty", fine, we are on the same page.