They should layoff EARLIER... right now people get stimulus payments and extra benefits. Doing it later, employees get nothing.
Get laid off today... get extended benefits, stimulus cheque of $1200, NY state bonus of $1200, and weekly unemployment benefit of $600/week (worth $7200) until end of July.
Get laid off in August... get nothing.
DO IT NOW! BD should do employees a favor, and layoff however many he thinks he'll lay off in next 2 years TODAY. Also, getting laid off now doesn't hurt your resume (since many people getting laid off), getting laid off later will.