I suspect but have no professional qualification, that it's the same root as stockholm syndrome, in that there is a tendency to form emotional sympathetic bonds with entities strong enough to kill us in some sense, or at least exerting significant control over our lives.

The immense leverage a company has over an employee, especially when made clear, such as in layoffs or changes that are not conducive to the workforce enforced by management, leads people to rationalize this lack of security and control by creating control in the form of a narrative, that the company cares about them and they should recognize and respect that caring.