I will repost what I posted elsewhere.
Here's the playbook for a US-based Cisco layoff:
Step 1: Decide whom you're going to fire. La Cosa Nostra rules in effect: don't make any notes about this or write anything down explaining why; no spreadsheets or emails, only phone calls or walks around the building if so.
Step 2: Round up some managers you're not going to fire (just yet) and get them trained on how to fire people. Do this a week before you fire everyone.
Step 3: Late in the afternoon, the day before the ax falls, schedule "an important meeting" between all your deputy firing managers and each of the to-be-fired for the following morning. Follow up with a phone call or voicemail to ensure that the to-be-fired show up. This is typically on a Monday so you can fly in any managers that need to be flown in for the culling.
Step 4: In the firing meetings, each firing manager tells the person who's being fired that a "business decision" has been made to "eliminate your position" and for any questions, please see HR. Repeat these points ad nauseum in response to any questions. Tell the person they don't need to show up anymore, even though they'll still be on payroll for a few more weeks.
Step 5: When all the firing meetings are over, convene a meeting with the survivors - same day, typically in the afternoon. Tell them that a "business decision" has been made that "impacted" some of their colleagues. Reassure them that the Cisco business is strong, but this "business decision" requires "realignment" of "resources" and now they are responsible for new things.
Step 6: Meet with all the individual survivors 1:1 and tell them it's business a usual, Cisco is on a solid financial footing, and you are looking forward to another great year with the (newly shrunken) team. Act as if nothing has really changed.
Step 7: Deliver raises to everybody, push some promos through, etc. - after all, there's budget now that you've just fired a bunch of people! Hope that the best people you were counting on not to bolt are mollified by the lavishing of gifts and stay.
Step 8: Breathe a sigh of relief until next year at the same time.