The next is a memo CEO Zach Seward sent to the Quartz personnel Thursday early morning:

  • Quartz goes forth from this offer unabated, with as a great deal ambition and goal as right before. Our newsroom will stay impartial and concentrated on world wide business enterprise news and investigation. Our mission is nevertheless to make small business improved, together with our have small business.
  • Everyone at Quartz is coming along for this next chapter. There are no layoffs related to the sale, nor planned when we integrate. That is not what this is. G/O is financially rewarding, escalating, and keen to welcome all of us throughout the enterprise.
  • All recent staff members of Quartz who do come together will be suitable for deal bonuses from the proceeds of the sale, totaling extra than $1 million. Appear out for much more facts about the phrases of this offer bonus in a separate electronic mail right now.
  • Editorial: No modify in organizational framework, now or in the future.
  • Company: No original changes to structure. We’ll operate with our new colleagues at G/O to entirely integrate our businesses in a considerate way above the future numerous months. This contains partnerships, Quartz Inventive, media technique and functions, and marketing.
  • Item: We’ll combine our teams suitable away and begin doing the job on plans to merge our infrastructure. Some reporting lines will stay the very same, and other individuals will adjust. We’ll discuss about this in much more detail in item conferences this week.
  • Functions: We’ll combine our teams in finance, accounting, men and women functions, and data know-how from the get started, and this work is presently underway.