OLD Media Moves

Forbes faces long work hours, low pay and a lack of promotions

Claire Atkinson of Insider writes about the culture at Forbes, where the staff has complained about long working long hours for low pay, a lack of promotions, and workplace inequity.

Atkinson writes, “While many businesses have suffered from the “Great Resignation,” Forbes has lost scores of top staff — including its head of communications, head of digital, and multiple editors and reporters — during the pandemic, many of them over workplace conditions.

“Last year, editorial staffers unionized, launching with a mission statement that said Forbes had a ‘top-down structure’ that ‘allows exploitative labor practices.’

“‘Many of us have no job security, receive no overtime pay and our requests for raises largely go unheard,’ it read.

“Forbes, for its part, says it’s been hiring a slew of new staff. It says there are many women in leadership at the 450-person company, 30 percent of new editorial hires were people of color, and more than 30 percent of its promotions went to people of color in 2021.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

6 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

6 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

7 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

7 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

7 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

7 hours ago