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

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

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The next is a memo CEO Zach Seward despatched to the Quartz workers Thursday early morning:

  • Quartz goes forth from this offer unabated, with as considerably ambition and goal as in advance of. Our newsroom will remain independent and targeted on world organization news and investigation. Our mission is nevertheless to make company superior, together with our individual enterprise.
  • Everybody at Quartz is coming along for this subsequent chapter. There are no layoffs linked to the sale, nor planned as soon as we combine. That is not what this is. G/O is rewarding, expanding, and keen to welcome all of us throughout the company.
  • All present-day staff of Quartz who do occur along will be qualified for deal bonuses from the proceeds of the sale, totaling a lot more than $1 million. Seem out for extra information about the phrases of this offer reward in a individual email right now.
  • Editorial: No alter in organizational composition, now or in the long term.
  • Small business: No preliminary changes to composition. We’ll get the job done with our new colleagues at G/O to entirely combine our corporations in a thoughtful way about the subsequent several months. This involves partnerships, Quartz Creative, media technique and operations, and marketing and advertising.
  • Solution: We’ll combine our teams suitable absent and start off operating on ideas to merge our infrastructure. Some reporting traces will continue to be the similar, and others will modify. We’ll converse about this in far more depth in product or service meetings this 7 days.
  • Functions: We’ll combine our groups in finance, accounting, persons functions, and info technology from the start off, and this operate is already underway.



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