Just about every industry and employer is feeling the crunch of the dwindling economy, and knows that they will have to lay off employees, if they haven't already. A new Watson Wyatt study shows that 26 said they already have laid off, and 25 percent stated they would have a hiring freeze over the next 12 months. With this many companies already planning on job cuts and downsizing, its probably safe to assume that those numbers will increase. The most important thing to remember is that whenever you do make those cuts, its going to be a very difficult time for your employees. Helping them be prepared will make things go much more smooth.