Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.
Quartz, an English-language digital media outlet that primarily reports international business news, is the latest online publication to undergo layoffs due to the economic slowdown caused by the coronavirus pandemic.
Uzabase, the Japanese financial intelligence firm that acquired Quartz from Atlantic Media in July 2018, confirmed the business restructuring in a public filing on May 14.
“Uzabase has made a decision to accelerate efforts to reorganize Quartz’s business and to eliminate any potential future risks at an early stage, which will involve a shift towards a leaner structure through a fundamental business reform focused on restructuring the advertising business (approximately 40% headcount reduction),” according to the notice.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in