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I’d argue it’s not not respected, but it is considered foolish.
This coming from someone who’s been at one company for almost 7 years trying to get a new job.
I work at a company that pays for all of the education it would take for me to run my own insurance brokerage, I'd be foolish not to stay. They also have pretty low turn over, there are dozens of people who have been there for 15-40 years.
It really depends on the situation. It's not foolish to be content in a good situation.
Hiring manager here. It depends on the company doing the hiring. If they have a culture of hanging on to people by treating them well, you tend to look for people who like to stick around when considering candidates. I know it's not as common these days, but these companies do exist. It's not uncommon to run into people at my company who have been around for 15 or even 20+ years
I was at my last company for 15 years. Went from cubical minion to VP in that time, still got a lot of raised eyebrows when I was looking for something new a couple years ago.