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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.
It might be just a little bit more shitty to be laid off and have finances jeopardized than to fire someone. I don't know the market you're in but I'd never stoop so low to come back to a place that laid me off earlier, I'd really have to be desperate.
I also don't accept counter offers after I turn in my resignation.
Once you said you're going to leave, even if they counter to keep you, they're never going to trust you. And they might cut you.
However, I would still entertain a counter offer, as long as a kill fee was included in that. Counter higher salary, and if you choose to end the engagement within 3 to 5 years, you pay me this kill fee.
That way they're committing to retaining you, and not just keeping you long enough to find a replacement