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It would be wrong not to tell your employees why you are cutting jobs and not letting them know ahead of time. I think you should at least let your workforce know a month ahead so they can have time to find a new job. It is also unethical to target the older employees who are about to retire and replace them with younger, less experienced employees at a lower salary...
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That will leave your company a negative image to the public. It would also be unethical if you didn't offer the employees you are laying off severance checks or help them finding new jobs. It would help even if you called some other places and refer your employees that you are laying off. You really need to have a plan that works for your company, your employees and follow through on the plan...
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