Articulate specific aspects of a layoff program that is effective and fair to all stakeholders (e.g. employees, stockholders, management, etc.).Consider the following as you are thinking about the aspects of the layoff program: Under what circumstances might a company's managers prefer to use layoffs instead of early retirements or voluntary severance plans as a way to downsize the workforce? Under what set of conditions should a company lay off employees without giving them advance notice? What are the pro's and con's to providing such notice? What, if anything, makes layoffs more effective and fairer? The deliverable for this forum is a well-articulated layoff program that is effective and fair to all stakeholders. To make this task more tangible, imagine that you were asked to devise a program to lay off 20% of the employees at your organization. What would you propose and why? Be sure to wear your "HR manager's hat" when responding to this forum; while employee perspectives can be considered, you are expected to approach the forum as an HR manager/company executive.