There are a lot of midsize german companies where loyalty is actually a value that is ingrained in the company. They're often family/privately owned and while they will let employees go if there's no other way, they'll try and keep them as long as possible. Often the owner feels personally responsible for doing so.

This behavior also makes sense from an economic perspective: It's much harder to find new personal and train them to work with your team and technology than bridging the gap for a while and taking profit cuts, especially for smaller companies with less marketing/hiring power.

There are actually state-controlled instruments that support this: Kurzarbeit (where everybody gets to work less and the state pays a subsidy) and similar support.