>>But one big round of layoffs has much less impact than a series of smaller ones. This is one is true. Routine never ending layoffs dent morale. People can ne

>>But one big round of layoffs has much less impact than a series of smaller ones. This is one is true. Routine never ending layoffs dent morale. People can never be sure if they are next, hence they don't start working on anything new. Everything goes into maintenance mode. Everybody is interviewing all the time. Eventual erosion of enthusiasm, morale and an overall doom+gloom situation means your already crappy situation gets more crappier. If you have to absolutely do it, do it once and be done with it.