You know how Time Inc. is, like, firing everyone? Even staffers at People? Sucks to be them! 'Cause while they're trying to save money across the board, its business magazines – that are supposed to be floundering – are laying out cash for a number of big hires.

Among other hires, Fortune just secured Time vet Steven Koepp to be exec editor. Money found the, ahem, money for a new special projects editor, associate art director, and senior editor. And even Business 2.0 is rolling out the welcome wagon for a new senior editor.

So when the rest of you Time Inc. types are cashing our your 401ks, you can sleep well knowing the money-losing division of your employer somehow has an open checkbook.

(And wasn't it just October that we told you about Fortune's shelling out the cash to retain the upper crust of its masthead?)

Full release after the jump.

#####

TIME INC. BUSINESS AND FINANCE NETWORK ANNOUNCES NEW HIRES AND PROMOTIONS AT FORTUNE, MONEY AND BUSINESS 2.0

New York, NY, January 17, 2006—The Time Inc. Business and Finance Network announced several new hires and promotions at FORTUNE, MONEY, and BUSINESS 2.0.

FORTUNE

FORTUNE managing editor Andy Serwer announced the additions of Steven Koepp, Jerry Useem, Susan Z. Callaway, David Whitford and Jennifer Reingold.

Steven Koepp joins as executive editor from TIME where he worked for 26 years. A Wisconsin native, Koepp graduated from the University of Wisconsin-Eau Claire.

Jerry Useem returns to FORTUNE as senior editor-at-large. Useem will be writing and editing special projects.

Susan Z. Callaway joins FORTUNE as a columnist. Callaway will be covering the auto industry.

David Whitford joins FORTUNE from FORTUNE Small Business as editor-at-large. He will focus on feature writing.

Jennifer Reingold joins as senior writer. Previously, she was at Fast Company. Reingold’s beat will focus on management issues.

MONEY

MONEY magazine managing editor Eric Schurenberg announced the additions of Marlys Harris, Jennifer Merritt, April Bell and Asa Fitch and the promotions of Cybele Weisser, Carolyn Bigda and Amanda Gengler.

Marlys Harris rejoins MONEY as senior editor and will edit the magazine’s “Plan” and “Start” sections. She previously worked at MONEY in the 80s and 90s, when she invented the “Money Helps” column. Recently she was personal finance editor of Consumer Reports and headed the Consumer Reports Finance Newsletter.

Jennifer Merritt joins MONEY as special projects editor from The Florida Times-Union where she served as their business editor. Prior, she spent five years with BusinessWeek as a department editor and oversaw their rankings of the best business schools and best executive MBA programs in America. At MONEY, Merritt is responsible for the magazine’s stable of reporters and will oversee the magazine’s annual franchise list of the 100 Best Places to Live in America.

April Bell is MONEY’s associate art director. She is responsible for the design of feature and department pages, as well as the conceptualization of photography and illustrations for the magazine. Bell comes to MONEY from Premiere magazine where she also served as Associate Art Director and held similar responsibilities.

Asa Fitch, is a recent graduate of the Columbia Graduate School of Journalism and joins MONEY as a staff reporter. Previously he was a reporter at the Litchfield County Times in Connecticut

Cybele Weisser has been promoted to editor and is responsible for editing the “Home” and “Invest” sections of the magazine. She joined MONEY in February 2001.

Carolyn Bigda joined MONEY in 2004 and has been promoted to writer-reporter. She covers banking, credit and savings. In addition to her work with MONEY, Bigda writes a weekly syndicated column for the Chicago Tribune, tackling personal-finance issues for twenty-somethings.

Amanda Gengler joined MONEY in January 2005 and has been promoted to writer-reporter. She covers family finances and healthcare.

BUSINESS 2.0

Business 2.0 editor Josh Quittner announced the addition of Evelyn Nussenbaum.

Evelyn Nussenbaum joins as senior editor. Nussenbaum spent the last five years freelancing for The New York Times, FORTUNE, Wired and Business 2.0. Before that, she was a business columnist and Sunday business editor for the New York Post and started her career at CNN as a producer and writer. She will be working on the “What Works” section and handling advertising and media features. She's also co-writing the Madison Avenue West blog for Business 2.0 BETA.