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I've both layed people off and been laid off.

I have a pretty good idea of what both sides feel like.

Both sides suck. Really bad. It hurts like hell. Probably worse to be layed off than do the laying off.

Probably? Odd thing to say. If someone actually believed that they would quit rather than lay someone off.

That only works if quitting yourself saves the other people. At least in my situation it wouldn't have.