IBM Argentina laying off 500 people because of cost

[nicoenarg]

http://www.washingtonpost.com/busin...03f520-080e-11e2-9eea-333857f6a7bd_story.html

And the hits just keep on coming!

Labor costs have apparently quintupled in the last 10 years. A 500% increase from 10 years ago. I am not surprised that companies are laying people off. I am just surprised that the companies aren't laying more people off.