Your company isn't just some faceless entity interested only in profits. It's face is all of you and it exists to keep all of you fed and with a roof over your head.
We all have experienced that in hard times a company's only loyalty is to its shareholders. At times, upper management may decide to divert some of the resources to itself, but that's a small, exclusive circle that most are not part of..
If the company is in existential crisis, then yes, the shareholders will all be out for themselves. They do, ya know, own the company. There should be a buffer zone between 'hard times' and 'existential crisis'. Some companies are always in hard times. Avoid them if you can, because it's always crunch time. Startups are constantly in existential crisis until they find product-market fit.
We all have experienced that in hard times a company's only loyalty is to its shareholders. At times, upper management may decide to divert some of the resources to itself, but that's a small, exclusive circle that most are not part of..