Quartz is changing hands again, with G/O Media selling the business news-focused site to Redbrick, a Canadian software company, on Friday. Redbrick is also acquiring The Inventory, a site dedicated to deals on consumer products from running shoes to electric toothbrushes, as part of the deal.
As part of the deal, all remaining editorial staff were let go with the exception of editor-in-chief Dan Hirschhorn and executive editor Sarah Douglass.
In a statement, the GMG Union slammed G/O CEO Jim Spanfeller, who they accused of “loading [Quartz] up with AI slop” prior to the sale, calling it “a new low for a company that has tried to disrespect, undermine, and exploit its newsroom at every turn.”