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In my ex-company, there were 2 layoffs with in a span of 1 month. In the 1st layoff, the severance pay package was better than 2nd layoff. Will the employees affected in the 2nd round have any recourse to go back and negotiate for a better severance pay?

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Will the employees affected in the 2nd round have any recourse to go back and negotiate for a better severance pay

It is very unlikely, unless (1) union policies establish otherwise, or (2) the employees in the 2nd round inquired of the employer about the severance package offered in the 1st round and the employer's answer was false and misleading.

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