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 staff Thursday morning:

  • Quartz goes forth from this offer unabated, with as significantly ambition and purpose as prior to. Our newsroom will continue to be unbiased and centered on world enterprise news and examination. Our mission is nevertheless to make company better, including our own organization.
  • Anyone at Quartz is coming along for this future chapter. There are no layoffs related to the sale, nor prepared when we integrate. That’s not what this is. G/O is financially rewarding, growing, and keen to welcome all of us throughout the organization.
  • All latest staff of Quartz who do occur alongside will be eligible for deal bonuses from the proceeds of the sale, totaling far more than $1 million. Appear out for a lot more info about the terms of this offer reward in a individual e-mail right now.
  • Editorial: No adjust in organizational composition, now or in the upcoming.
  • Organization: No preliminary changes to structure. We’ll function with our new colleagues at G/O to entirely integrate our organizations in a thoughtful way more than the next various months. This involves partnerships, Quartz Innovative, media approach and operations, and marketing and advertising.
  • Merchandise: We’ll combine our teams correct away and begin doing the job on options to merge our infrastructure. Some reporting strains will keep on being the identical, and others will transform. We’ll converse about this in additional element in solution meetings this 7 days.
  • Operations: We’ll combine our teams in finance, accounting, folks operations, and information engineering from the start, and this work is by now underway.