From Businessweek, February 3, 2009...
Layoffs are never easy, and they're never fun—whether you're the person who's out of a job or the colleague left behind.
One banker I know is racked with guilt because he has been told that 20 people from his group will soon be let go. Many of them are respected longtime colleagues and friends, and he is among only a handful who will be kept on. He's not allowed to tell them about the bad news and feels guilty and helpless. When they do find out, he'll be there to take them out for a drink and lend his support, but he realizes there are limitation to what he can say or do. And he still has a paycheck, after all.
"There's not much you can do," says a lawyer friend. Her former assistant, whose husband was already out of work, was recently let go. "Financially it's really tough for them. I just try to be encouraging." She has also tried to help her former assistant in the job hunt, but in today's tight market, that hasn't been an easy assignment.
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