Yep. They'll demand loyalty from you, but not return it. The second a new CEO arrives, they'll want to show improvements on the bottom line. Fastest way to "save" money is to sack some people.
Unless you're in sales, you are a line item in a cost centre. Your salary is a dollar value they can save if they get rid of you.
HR exists to protect the org, not the individual people in it.
If you're looking for loyalty, get a dog.
They don't have to pretend, the media is doing it for them.