Forbes employees walk out on 30 under 30 release day to protest salary disputes and labor conditions

On Tuesday, December 3, 2024, editorial staff at Forbes, represented by the Forbes Union, organized a walkout to protest stalled salary negotiations. The protest took place on the significant day when the outlet was preparing to release its renowned “30 Under 30” lists, which highlight young influencers across various industries.

The walkout involved around 100 Forbes employees and aimed to push for improved wages and working conditions. The union’s demands include a $75,000 wage floor, 8% annual raises, and a 15% minimum increase in promotion salaries, along with overtime and weekend pay. Forbes management, however, has only proposed a $60,000 starting salary, 1% annual raises, and a 5% promotion increase.

The union accused Forbes management of stalling negotiations for nearly three years and using illegal tactics to delay a fair agreement. One employee took to social media to voice frustration over the slow pace, saying that the situation was not only disrespectful but was also leading to public embarrassment for the company.

Andrea Murphy, Forbes Union chair and statistics editor, emphasized that the proposed salaries were unfair, given the work staff members put into their roles. Forbes responded by expressing disappointment over the walkout but reiterated its commitment to continuing negotiations with the union and maintaining operations.

This walkout shines a spotlight on the growing labor disputes in media organizations and raises concerns about fair compensation in the competitive journalism industry.