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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