What’s the best way to navigate your lay off?

Ben Horowitz (Co-Founder & Partner @ Andreessen Horowitz)
The Right Way to Lay People Off – Ben’s Blog

Once you decide that you will have to lay people off, the time elapsed between making that decision and executing that decision should be as short as possible. If word leaks (which it will inevitably do if you delay), then you will be faced with an additional set of issues.