Current rumor has VERP being offered to lower level people next, followed by more straight up layoffs. I know there are a lot of lower level folks salivating for a package, those that are left will break from the stress or find other employment out of necessity.
Colgate is prepping itself to be sold. There is no way they can maintain operations with the current staffing levels in many departments, not sure what others see. Even CP's outsourced operations centers in Mumbai and other 3rd worlds are now saying they cant handle any more work.