[nvrspyx]

Wouldn't the latter be layoff? I feel like let go can be used for either; a more polite way of saying "fired" or an alternative to "laid off".

[nowherebeen]

It's an alternative to laid off I think. When I think of let go, I think more contract work or temp workers. They were let go, but they weren't laid off since they weren't permanent employees to begin with.