Explore the multifaceted impacts of mass layoffs on both employees and organizations, highlighting the psychological and economic ramifications. Discuss the concept of organizational justice and how perceived fairness during layoffs can affect employee morale and productivity. Provide real-world examples of companies that have successfully navigated layoffs through transparent communication and support systems. Analyze the long-term effects of layoffs on company culture and performance, contrasting them with alternative strategies for workforce management. Conclude by emphasizing the importance of applying organizational psychology principles to foster a resilient and engaged workforce, even in times of crisis.