Yes, but only if there are any of those lower-level types still around. The greedheads may well have thrown all of them to the wolves before parachuting out of what's left of the shell of a company.
You just described the last eight years or so of my life. Layoffs survived, layoffs not survived, and about 20 VP's who still, apparently, haven't been revealed for the idiots they are as they're off ruining other companies. Where I was, the big word was "reorganization," which everyone came to know meant layoffs. There was always some vague justification for it, but when you're reorganizing every six months, you're not giving the any organization a chance to succeed. All you're doing is perpetuating chaos.
Then they wonder why morale sucks.