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 employees Thursday morning:

  • Quartz goes forth from this deal unabated, with as a lot ambition and purpose as before. Our newsroom will remain impartial and centered on global company information and investigation. Our mission is continue to to make small business much better, including our very own small business.
  • Anyone at Quartz is coming together for this future chapter. There are no layoffs connected to the sale, nor planned when we combine. Which is not what this is. G/O is successful, growing, and eager to welcome all of us throughout the company.
  • All latest staff members of Quartz who do appear together will be qualified for offer bonuses from the proceeds of the sale, totaling far more than $1 million. Appear out for more information about the phrases of this deal bonus in a independent e mail currently.
  • Editorial: No change in organizational framework, now or in the foreseeable future.
  • Enterprise: No preliminary changes to framework. We’ll get the job done with our new colleagues at G/O to entirely integrate our enterprises in a considerate way more than the following various months. This involves partnerships, Quartz Innovative, media tactic and operations, and advertising.
  • Solution: We’ll integrate our groups correct away and get started functioning on ideas to merge our infrastructure. Some reporting traces will remain the identical, and others will improve. We’ll chat about this in additional depth in merchandise meetings this 7 days.
  • Functions: We’ll combine our groups in finance, accounting, individuals functions, and details technological know-how from the get started, and this perform is currently underway.