It's their money. So, of course investors would need to be informed, consulted, and reassured. There are a lot of legalities and practicalities around laying o

It's their money. So, of course investors would need to be informed, consulted, and reassured. There are a lot of legalities and practicalities around laying off people. It's one of those things that can get really expensive when it is not done properly. Telling people that they are being layed-off is pretty much the last step in that process. Companies don't actually have a lot of wiggle room here and have to plan for people lawyering up and pushing back. I've been layed off myself by Nokia in 2012. It was a weird period for Nokia and there were many layoff rounds as the company was basically imploding. It sucks when that happens to you but I never took it personally. I can't fault Nokia for the way they handled things and I never took it personally and look back on this as positive thing: - They made me a nice financial offer based on years served. - They offered plenty of support; including some startup funding. I ended up making use of that. - Given what happened to the company afterwards, I'm not unhappy to not have been there for that wild ride.