1. Don't do layoffs
2. Don't do layoffs without severance
3. Don't do layoffs without thinking about it first
4. Don't use layoffs to deal with other management issues

Checklist of essential tools for doing layoffs the right way

1. Be emotionally available.

2. You need to "stand up'.

3. Bring your mega-managerial skills!

4. Have answers.

5. Get answers if you don't have them.

6. If the reduction is not immediate, take the group temperature frequently.

via ezinearticles