July 1, 2022


Good Business

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

The pursuing is a memo CEO Zach Seward despatched to the Quartz personnel Thursday morning:

  • Quartz goes forth from this deal unabated, with as a lot ambition and objective as prior to. Our newsroom will continue to be independent and targeted on global company information and evaluation. Our mission is nonetheless to make business improved, like our very own business enterprise.
  • Everybody at Quartz is coming alongside for this future chapter. There are no layoffs connected to the sale, nor planned when we integrate. That’s not what this is. G/O is successful, developing, and keen to welcome all of us across the enterprise.
  • All current staff of Quartz who do occur along will be qualified for offer bonuses from the proceeds of the sale, totaling additional than $1 million. Look out for far more facts about the terms of this deal reward in a separate electronic mail nowadays.
  • Editorial: No improve in organizational framework, now or in the long run.
  • Business enterprise: No preliminary changes to framework. We’ll operate with our new colleagues at G/O to thoroughly combine our businesses in a thoughtful way in excess of the next numerous months. This incorporates partnerships, Quartz Imaginative, media technique and functions, and marketing.
  • Product or service: We’ll integrate our groups right away and begin doing work on strategies to merge our infrastructure. Some reporting strains will continue to be the identical, and other folks will change. We’ll communicate about this in more detail in item meetings this week.
  • Operations: We’ll combine our teams in finance, accounting, persons operations, and facts technological innovation from the get started, and this operate is presently underway.