Quartz CEO Seward to staff: You’ll get a cut of the sale

The subsequent is a memo CEO Zach Seward sent to the Quartz employees Thursday morning:

  • Quartz goes forth from this deal unabated, with as a lot ambition and reason as prior to. Our newsroom will stay independent and centered on world small business information and examination. Our mission is continue to to make organization much better, such as our possess small business.
  • Anyone at Quartz is coming along for this following chapter. There are no layoffs related to the sale, nor planned when we combine. That’s not what this is. G/O is worthwhile, growing, and eager to welcome all of us throughout the company.
  • All present staff members of Quartz who do come alongside will be qualified for offer bonuses from the proceeds of the sale, totaling far more than $1 million. Seem out for more facts about the phrases of this offer reward in a independent e mail right now.
  • Editorial: No improve in organizational composition, now or in the future.
  • Business: No original changes to composition. We’ll do the job with our new colleagues at G/O to fully integrate our businesses in a considerate way over the next numerous months. This includes partnerships, Quartz Inventive, media system and functions, and internet marketing.
  • Solution: We’ll integrate our groups right away and start out performing on strategies to merge our infrastructure. Some reporting lines will stay the similar, and other people will transform. We’ll chat about this in more depth in products meetings this 7 days.
  • Functions: We’ll combine our teams in finance, accounting, people today functions, and data technology from the start off, and this perform is already underway.