December 4, 2022

Business School

Business Opening

Quartz CEO Seward to staff: You’ll get a cut of the sale

The subsequent is a memo CEO Zach Seward despatched to the Quartz staff Thursday early morning:

  • Quartz goes forth from this offer unabated, with as substantially ambition and reason as just before. Our newsroom will continue to be independent and focused on global organization news and examination. Our mission is continue to to make business better, such as our possess organization.
  • Everyone at Quartz is coming alongside for this upcoming chapter. There are no layoffs connected to the sale, nor planned at the time we integrate. That’s not what this is. G/O is worthwhile, rising, and eager to welcome all of us across the enterprise.
  • All current employees of Quartz who do occur together will be qualified for deal bonuses from the proceeds of the sale, totaling far more than $1 million. Glance out for additional data about the terms of this offer reward in a individual e-mail nowadays.
  • Editorial: No improve in organizational construction, now or in the long term.
  • Business: No initial changes to composition. We’ll function with our new colleagues at G/O to fully integrate our enterprises in a considerate way above the future several months. This includes partnerships, Quartz Innovative, media system and functions, and advertising.
  • Product or service: We’ll integrate our teams correct away and start out working on ideas to merge our infrastructure. Some reporting lines will remain the exact, and other people will adjust. We’ll converse about this in additional depth in products conferences this 7 days.
  • Functions: We’ll integrate our teams in finance, accounting, persons operations, and information and facts technological innovation from the commence, and this operate is currently underway.

Source link