My buddy has worked at this company for 10+ years. They offered him a promotion today. By promotion I mean the classic “a lot more responsibility, same amount of pay.” He hasn't been given a raise the last three years either. He told them he would need one to take the position. They said no, and pretty much tried to force his hand into taking it by telling him they would likely be dissolving his position soon.
Always a reminder, they don't care about you. Put in the legwork? Be a loyal employee? Nah. Doesn't matter to them. You're just fodder.