"I was so happy when that company got acquired and the new company CEO showed up and announced that first level managers and below were all safe from layoffs, everyone above that was on a case by case basis, and "all executive staff were let go this morning, I saw no reason to keep those jokers around"."

You are being manipulated. No. The previous executives are not "jokers" - they made massive profits selling shares. They are being let go because, after taking their massive profits, the new company will soon fire the rest of staff - and that is hard.