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hereamp;#39;s your money briefing for Wednesday March 29th Iamp;#39;m J.R Whalen for the Wall Street Journal when a company announces plans for layoffs everyone dreads the list but how do companies decide which employees to cut wsj workplace reporter chip cutter joins me with more hey chip thanks so much for being here thanks for having me so Chip it sounds like this isnamp;#39;t an enjoyable process for anyone but what are some of the basic factors that go into instituting a series of layoffs well at many companies itamp;#39;s the top leaders the CEO of the Chief Financial Officer who set a high level criteria for a layoff mandating that a company cut a certain percentage of its Workforce or docHub a specified cost savings and from there the task of deciding who should be eliminated often Falls to divisional leaders and department heads ing to many of the executives that we spoke with all right so take us through the typical process here starting with a company who is recog