- Job help, docs, classes on how to get a job
- Leadership should share consequences, at a minimum salary reductions. This is important because typically bad decisions come from the top, while the folks at the bottom suffer from them.
- Be completely honest at every point.
- Look 'em straight in the eye, tell them you're sorry because XYZ.
It happens. Don't beat yourself up over it. I've been laid off in the past and it was ultimately positive. Got a break and it led to better opportunities.