Quartz CEO Seward: We’re Closing Office Spaces, Execs Cutting Salaries by 20 Percent

Quartz CEO Zach Seward sent out the following to the staff regarding the layoffs and restructuring:

Hi, Quartz

Thank you for joining our meeting just now. Here’s a transcript of my remarks.

From the start of this crisis, I’ve wanted to give you all a definitive assessment of what it would mean for Quartz, beyond the incremental updates I’ve been sharing at our town halls. But amid so much uncertainty and not wanting to make a hasty decision, it has taken time. You have all done an amazing job at carrying on and adapting to this new reality in the meantime.

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