You would have lawsuits on your desk before the first layoffs even left the building. I remember a lawyer or someone told me 'if you ever get into an accident, don't even say sorry'. There are people who will truly be hurt, and an apology would do a great deal of good for them, but there are also people who will seek any opportunity to pull you through the mud as soon as you give them an admission of guilt.

Again, whether it is right or wrong is a different discussion from the fact that it is the current state of legal things, and incentives are high for all kinds of foul play.