Layoffs never happen on Mondays and Fridays. Period. There is a number of reasons here (e.g., if you mess up things on Wed you have Thur and Fri to fix it). The cut will take place on Tuesday, what exact Tuesday I do not know
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Agreed with 179703...no damned way, this is all just fear-mongering and stupidity. It can happen any day, any time, mid-pay period, post pay-period, etc...
Just because you believe it will happen won't make it happen.
There are many examples of layoffs on both Mondays and Fridays, just saying