Time Inc. Layoffs Cost More Than 500 New LamborghinisSThe 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]