My first job-job got hit by the dotcom crash, but was fortunately a real business with actual revenue, and the CEO was an absolute class act.

He reduced pay, the higher on the food chain you were, the bigger your cut. His cut was the biggest of all, and thanks to him, pretty much everybody at the company kept their jobs, and the company made it through while competitors folded.

That's what leadership looks like, and I can't tell you the kind of loyalty people had to him afterwards.