If your team lead can protect you they will but the employer at large is rather indifferent. Also further in your career those relationships to your team mean a fair bit while who you worked for as a company might not make that much difference.

I’ve gone back to work for a manger who laid me off. There were literally no hard feelings.

When he laid me off it was clear that he had to hit a hard headcount number, and I knew the project I was working on was “discretionary”. The HR meeting was “this is a headcount reduction and not a reflection on your work. Have a lawyer look over your severance and please accept or decline it within a week.” Really quite professional.

Others have pretty much covered the matter, you will always bump into former team mates, or it will be thanks to them that you will get some gig.

Employers themselves usually look into spreadsheets with a bunch of KPIs deciding who to lay off, without any regards for the effort you have actually placed into the job.

If you have decent skills and reputation, the manager or team lead may bring you over to the new company (if such opportunity is there).

But the company itself couldn't care less about anyone working there.