having been through layoffs myself, i can say that while layoffs itself are a hit to morale, the "who and how" of the layoffs can either mute or, a much more co

having been through layoffs myself, i can say that while layoffs itself are a hit to morale, the "who and how" of the layoffs can either mute or, a much more common case, amplify the effect manifold. Employees taking hit for the management's errors, and as a result increasing the ratio of managers to employees as taking off several people off each team still leaves the same number of managers, directors, VPs, etc... "necessary".