'Loyalty' to a company?
Not any more.
Look for another job while they make up their mind.
They cannot control your future by tellling you who you cannot work for.
I retired 17 years ago, but the company tried to FIRE me 3 days before I retired!
Then the boss had the guts to telll me the morning I retired, "I'm going to give a nice speech about you today."
Told him "Don't . . . as I will then make a speech that you will not like."