I know this isn’t the “fun” answer, but I wouldn’t. I’m a manager, and I’ve been on the other side of that situation too many times. I’ve never met a manager who wants to do it - we’d all rather have enough work for everyone. It sucks but far the most for the person being laid off, but it’s a shitty time for everyone.

Plus I’ve also hired back good employees when work picked back up down the road, so there’s the bridge burning aspect to consider.