Severance severance severance. Everything else is just words. If you can't afford it, than give everyone vesting / option rights for ten years.
If you can't do that, honestly, it's all just empty words and bullsht in my opinion. Someone screwed a lot of people by over hiring and mismanagement. Hope whoever was responsible for that is first to go.
Short but good advice. The last set of layoffs I went through at a big company was just everyone being really worried until they gave a somewhat fair severance. That calmed the mood significantly. Fortunately I missed the layoff cuts but myself and my co-workers were on edge until they announced the severance.
Later on however the company announced 3 more rounds of layoffs, each having less and less severance and time before leaving. It would have been FAR better to cut many more people during the first round so they could have all gotten the same severance instead of later groups being essentially screwed.
If you can't do that, honestly, it's all just empty words and bullsht in my opinion. Someone screwed a lot of people by over hiring and mismanagement. Hope whoever was responsible for that is first to go.