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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 next is a memo CEO Zach Seward despatched to the Quartz staff members Thursday morning:

  • Quartz goes forth from this offer unabated, with as a lot ambition and intent as before. Our newsroom will remain impartial and centered on international business information and assessment. Our mission is even now to make organization greater, which include our very own business.
  • Anyone at Quartz is coming along for this following chapter. There are no layoffs related to the sale, nor planned at the time we combine. That’s not what this is. G/O is successful, expanding, and eager to welcome all of us across the enterprise.
  • All current personnel of Quartz who do occur along will be eligible for offer bonuses from the proceeds of the sale, totaling much more than $1 million. Appear out for additional data about the conditions of this offer bonus in a separate e mail nowadays.
  • Editorial: No improve in organizational construction, now or in the upcoming.
  • Business: No first changes to framework. We’ll get the job done with our new colleagues at G/O to absolutely combine our firms in a thoughtful way about the up coming several months. This includes partnerships, Quartz Innovative, media system and functions, and advertising.
  • Solution: We’ll integrate our groups appropriate away and get started doing work on strategies to merge our infrastructure. Some reporting traces will remain the same, and others will alter. We’ll discuss about this in much more depth in product meetings this 7 days.
  • Operations: We’ll combine our groups in finance, accounting, persons functions, and information technology from the commence, and this function is by now underway.