ForbesUnion

What makes all this worse is @forbes.com’s shrinking staff. Our union has fallen to 80 members as of September 2025, down more than 25% from 108 members in August 2023 and still well below the 93 members in 2021. Why is it shrinking? Stagnant pay doesn’t help. #journalism #journalismstudents

There’s also a persistent gender pay gap. Women earn $7,754 less on average than men (a slight improvement from the $11,280 gap that existed in 2023) and have a median salary that’s $4,480 lower.

This is on @forbes.com CEO Sherry Phillips and CCO Randall Lane.

Big takeaway from our 3rd annual pay study: Racial pay gaps at @forbes.com have worsened. White employees average $95,089, compared with $87,500 for Asian, $74,557 for Hispanic or Latino, and $71,438 for Black employees.

READ THE STUDY HERE 👇
nyguild.org/post/racial-...

@forbes.com CEO Sherry Phillips hasn't been to a single bargaining session. Instead, she sends proxies who speak for her and this is the kind of thing that comes of it.

Can we talk about the illogic and short-sightedness of @forbes.com's temp workforce churn?
This is on CEO Sherry Phillips and CCO @randalllane.bsky.social, who have not shown the kind of leadership the newsroom deserves.
#journalism #journalismjobs #cheap #newsroom @nyguild.bsky.social

Wondering why @forbes.com, led by CEO Sherry Phillips and CCO @randalllane.bsky.social, has seen an exodus of talented journalists recently? This right here.
#journalismjobs #journalists

@forbes.com mgt, led by CEO Sherry Phillips and CCO Randall Lane, have proposed 1.25% annual bumps for staff, not even keeping up with inflation--when many in the newsroom go YEARS without a raise. #journalismjobs @nyguild.bsky.social

Our fearless colleagues were outside the
@forbes.com Power Women’s Summit in the rain ☔ this morning with an important gut check.

We handed out this flyer at the 2025 @forbes.com Power Women’s Summit today to bring awareness to the blatant hypocrisy of this event. We want Forbes CEO Sherry Phillips to answer why this event is happening when Forbes has a well-documented history of pay inequity. #journalismjobs

Our 2024 pay study also found a large racial pay gap, with the unit’s white members making nearly $24,000 more, on average, than their black colleagues. That kind of disparity doesn’t just happen by accident.

@forbes.com has a history of pay inequity. It is beyond hypocritical of Forbes to promote itself as a champion of women while paying female staffers nearly $13K less, on avg, than male colleagues in the same roles. www.nyguild.org/front-page-d...

Forbes Power Women's Summit speakers 2025.

We sent letters to scheduled speakers, asking them to decline to attend in solidarity with us. We want to thank Anita Hill 🏆as she is no longer listed as a speaker. 🎉 We appreciate the support from those who chose not to take part in this farce.

Our fearless colleagues were outside the
@forbes.com Power Women’s Summit in the rain ☔ this morning with an important gut check.

Let's talk about #payinequity. At @Forbes, women make five figures less, on average, than men in the same roles -- and the gap is widening!

Meanwhile, Forbes management says it will offer 1.25% annual increases -- not even keeping up with inflation.

Let's talk about cheapness. 80% of the #newsroom has gone more than 18 months without a raise.

Let's talk about our diminished newsroom. Amid an exodus of talented newsroom staff for greener pastures, Forbes hired only 4 full-time #employees in all of 2024. During the same year, Forbes hired 49 (!!) temps.

In honor of the #Forbes400, the Forbes Union is sharing some numbers of our own. @forbes.com has dragged its capitalist feet for far too long. It's time to give the newsroom a fair contract!! #union #journalismjobs

Stop the union-busting at Forbes now! We, the Forbes Union, are a union of more than 100 reporters, editors, producers, and designers, who work hard every day to tell impactful stories about society’s most powerful and important people. ...

Stand with the unionized journalists at Forbes.com, who deserve better from Lane. Fair contract NOW!
actionnetwork.org/petitions/st...

HAVE YOU SEEN HIM? We were out searching this past weekend for @randalllane.bsky.social, who we hear likes to watch the horses at Saratoga Racecourse. 🏇
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Stop the union-busting at Forbes now! We, the Forbes Union, are a union of more than 100 reporters, editors, producers, and designers, who work hard every day to tell impactful stories about society’s most powerful and important people. ...

@forbes.com CEO Sherry Phillips said she wanted a reset at the bargaining table. We are still waiting. Tell Sherry Phillips you stand with the workers and want to see the reset at the bargaining table she said she supports.
actionnetwork.org/petitions/st...

At the bargaining table, @forbes.com management has resisted any of our common-sense proposals that would ensure full-time staff cover the news our readers deserve.

2️⃣takeaways: About 40% of the temps hired by Forbes were part-time; and @forbes.com hired 49 temps in 2024 but only 4 full-time employees 😕, down 90% from the estimated 41 full-time employees hired in 2023.
#journalism

Forbes Union: Temp Study: Forbes Has a Labor Problem

We crunched the data provided to us by @forbes.com management - and found that management has increasingly shifted to using short-term, part-time, temporary employees instead of replacing those who leave with full-timers.

Forbes Union: Temp Study: Forbes Has a Labor Problem

Forbes Union: Forbes Management is Union Busting

NEW STUDY: We sent @forbes.com CEO Sherry Phillips an invite today to lunch – to discuss our new study about the labor problem at Forbes Union.

So sorry!

Despite @forbes.com CCO @randalllane.bsky.social's claim to want the best newsroom in media, he & CEO Sherry Phillips are keeping salaries below industry norms. Is it any wonder we've seen an exodus of staffers?

We're back at the bargaining table after 3 YEARS of feet-dragging from @forbes.com, 3 YEARS of paying $$$$ to Forbes' white-shoe lawyer, 3 YEARS of hissy fits and juvenile name-calling. We are still waiting for the reset Forbes CEO Sherry Phillips promised.

@forbes.com CEO Sherry Phillips promised us a reset. This is what we're getting at the bargaining table. #journalism

The @forbes.com newsroom, the cornerstone of the brand, has shrunk significantly under @randalllane.bsky.social's lack of leadership. A win for our competitors. #media