Media News

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

April 28, 2022

Posted by Chris Roush

Zach Seward
  • Quartz goes forth from this deal unabated, with as much ambition and purpose as before. Our newsroom will stay independent and focused on global business news and analysis. Our mission is still to make business better, including our own business.
  • Everyone at Quartz is coming along for this next chapter. There are no layoffs connected to the sale, nor planned once we integrate. That’s not what this is. G/O is profitable, growing, and eager to welcome all of us across the company.
  • All current employees of Quartz who do come along will be eligible for deal bonuses from the proceeds of the sale, totaling more than $1 million. Look out for more information about the terms of this deal bonus in a separate email today.
  • Editorial: No change in organizational structure, now or in the future.
  • Business: No initial changes to structure. We’ll work with our new colleagues at G/O to fully integrate our businesses in a thoughtful way over the next several months. This includes partnerships, Quartz Creative, media strategy and operations, and marketing.
  • Product: We’ll integrate our teams right away and start working on plans to merge our infrastructure. Some reporting lines will remain the same, and others will change. We’ll talk about this in more detail in product meetings this week.
  • Operations: We’ll integrate our teams in finance, accounting, people operations, and information technology from the start, and this work is already underway.

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