October 3, 2023

The Domestikated Life

One Passion

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 personnel Thursday early morning:

  • Quartz goes forth from this deal unabated, with as a great deal ambition and goal as in advance of. Our newsroom will remain unbiased and focused on world-wide business enterprise news and examination. Our mission is nonetheless to make organization better, such as our individual business enterprise.
  • Anyone at Quartz is coming along for this up coming chapter. There are no layoffs connected to the sale, nor prepared as soon as we integrate. That is not what this is. G/O is financially rewarding, rising, and keen to welcome all of us across the enterprise.
  • All latest workers of Quartz who do come alongside will be eligible for deal bonuses from the proceeds of the sale, totaling extra than $1 million. Search out for far more data about the terms of this offer reward in a different email now.
  • Editorial: No improve in organizational construction, now or in the long run.
  • Company: No initial changes to composition. We’ll get the job done with our new colleagues at G/O to totally integrate our organizations in a thoughtful way more than the up coming several months. This incorporates partnerships, Quartz Imaginative, media strategy and functions, and marketing and advertising.
  • Merchandise: We’ll combine our teams appropriate absent and start off performing on strategies to merge our infrastructure. Some reporting lines will stay the very same, and others will improve. We’ll communicate about this in far more depth in item meetings this 7 days.
  • Functions: We’ll integrate our groups in finance, accounting, people functions, and information technological innovation from the start, and this get the job done is already underway.