I've never been laid off either, but experienced half a dozen or so. Some included the very founders of the business. One person crying, "I love it here. This is my family. You don't even have to pay me, just let me stay. I'll work for free." They didn't let him stay though. :(
This was a hard time: https://archive.fortune.com/magazines/fortune/fortune_archiv...
> Why Is He Still Smiling? Bill Gross blew through $800 million in 8 months (and he's got nothing to show for it).