It should also be emphasized that no one was fired. I've had to let go many people over the years and as anyone who has ever been in that position can tell you, there is a world of difference between terminating someone and laying them off.
With all due respect, Frogboy, this is a bad time to try and use flowery language. Sadly, there is not a "world of difference" - the bottom line is those people are out of a job. The only difference is that "terminating" is done because an employee essentially screwed up majorly (and usually doesn't get qualified for unemployment because of it), while "laying off" is done for reasons outside of their performance. So, while financially for those affected it is better to be laid off than fired, it is morally unjustifiable that they pay with their jobs and source of income for mistakes they did not commit. There's no wiggle room for flowery language here.
No. One involves severance packages and the other does not. One involves being able to draw unemployment, the other does not.
I agree with you that it sucks whenever someone loses their job. It's soul crushing to have to downsize staff, especially after we all worked so hard. And I agree it's not fair. Not fair at all.
Over the years, especially during the transition from OS/2 to Windows, I've had to lay people off. And it's never fair. Back in the late 90s I had to lay off a very close friend of mine who was brilliant at his job. He'd done nothing wrong. I had made the mistake of staying with OS/2 long after it should have (in hindsight) been obvious that OS/2 was dying and my friend lost his job as a result.
The people we've laid off did nothing wrong either. A DB manager, A receptionist, A QA tester, a developer, a designer, a sales executive and a web designer. I know each and every one of them. Each one is a great person, a hard worker, an outstanding employee that any company would be lucky to have. And I wish I could say this was going to be the end of it but it isn't and everyone here at work nows it and it sucks.
Having a business is great sometimes and awful other times. This is one of those hard times where you're in the shitty position of having to decide which people you can keep and which people to lay off. The main casualty will ultimately be the second game's team that we were hoping Elemental would be able to fund.