Business news site Quartz is discontinuing its flagship Next Billion conference series, which it started in 2013, and laying off three employees who worked in that side of the business, reports Peter Kafka of Recode.
Kafka writes, “Quartz Editor in Chief Kevin Delaney says the company, which was reportedly on track to do $30 million last year, was moving resources from its conference business to other projects.
“‘Quartz is in high-growth mode and focused on investing in areas with the greatest immediate potential,’ he said in a statement. ‘We’ll continue to do events this year and beyond, but are shifting that activity from a full-time events group to our marketing team.’
“Delaney said Quartz, which has a staff of 190, planned to hire 68 employees, including 20 new marketing specialists, in the first half of this year.”
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