I would also like to add that it is in the interest of the valuable employees to lay off the low value employees for three reasons: 1) Low value employees reduc

I would also like to add that it is in the interest of the valuable employees to lay off the low value employees for three reasons: 1) Low value employees reduce net cash flow (profits), which can cause the company to go under when times get tough. This would cause difficulty to all employees, not just the marginal ones. 2) All employees add organizational inertia; in the case of low value employees, this is needless and prevents adaptation to changing market conditions, which can doom any organization. 3) Every non-value creating employee is consuming a salary which could be used to hire someone who might create value, growth, and possibly additional hiring.