Something I told every staff member I ever had and you should too

Totally agree. I've never felt any loyalty (IMO it's very stupid) toward a company. Do your work as best as you can and get paid for it. Go home and be loyal to your family/friends, they are the ones that will be there when your company losses 3% revenue and decides to fire you.

It's the same way even in soldiers. Watch any documentary with interviews with retired soldiers that went to war and most of them will tell you they were loyal toward their immediate superiors and their companions.

I've been lucky to work for a manager who acted this way. He never articulated it because it was clear from day one that he was going to bat for me and everyone on his team. The results spoke for themselves.

I had a manager recently who did actually express a similar sentiment despite acting to the contrary. It made for a toxic environment. I would rather he spoke the truth that was in his heart than try to build trust on empty words.

You just denounced what your company stands for. Sure, companies have commercial goal but they also stand for certain mission, goal and they have culture. By making statements as a leader you just said we don't really believe in company and our goal should be just to take care of each other as if we are some prisoners on ship. If you and your team really felt like that then you guys should be getting hell out of there.