OLD Media Moves

Forbes re-hires laid off reporters

April 16, 2010

Gillian Reagan of The Business Insider reports that six Forbes reporters who were let go this past fall have been brought back by the business magazine.

Reagan writes, “But some of those reporters, who used to have full-time status and benefits, were offered freelance positions. They were also asked to do more work than their previous jobs.

“After Forbes’ initial round of layoffs in April 2009, one staffer told us markets reporters were asked to do two articles a day for Forbes.com, with maybe a few more bylines required during earnings season. But now some of the reporters are back to cranking out eight articles a day for the site. ‘Basically they want to get as many clicks as possible,’ a source told us.

“When CEO Steve Forbes broke the news to his staff in an October memo, he wrote: ‘Forbes Media is laying the foundations for a strong, exciting future.’

“Looks like they realized they needed those reporters back to make that future happen.”

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