The 600 layoffs at Time Inc. that the magazine publishing giant announced last week will reportedly cost Time Warner, its parent company, at least $100 million. That averages out to $167K per layoff. How high is the severance pay over there? Time Inc. salaries are high, but Jesus. Even assuming they toss in a few months of health care benefits and hire some outside consultants to help execute the cuts, it's still a lot of money for only 6% of the workforce to leave. (It would cost $1.67 billion just to fire everybody. Fun with math!). Anyone with more info on the layoffs or the severance packages, email us. [All Things D]
