My 2 cents - I think this is also a function of the domain the organisation operates in. IMHO, there are predominantly two types of companies - one where the technology creates the business vs. one where the business uses the technology as an enabler.
For the former, think of companies like Boeing, nVidia or the Windows/Office divisions at Microsoft. Here, the product of technology is what brings in the money. For the latter, think of almost any "IT company" in the world which pieces solutions for clients in various businesses by leveraging existing technology/tooling and applying some amount of customisation.
The former tend to value engineers more (exceptions are always there) as there are usually less number of competitors, but the risk of the employee switching and enriching the competitor's knowledge (and hence, business) is significant. The latter tend to look at engineers as replaceable (with little to medium effort) resources, and value their payroll expenses more than retaining top talent.
