Quartz is preparing to cut four employees from its UK commercial team of 19 employees . The news agency said that after being responsible for 25 % of its total advertising revenues in 2011 , the country ’s division suffered a slow - down last year . It attributed several factors , including outside issues such as business uncertainty prompted by recession . Quartz said it believes new UK market strategies intended to prioritise larger partnerships will improve its fortunes again . The impending job eliminations continue despite the publisher 's overall revenue growing , with its advertising revenues increasing 25 % YoY. It is also planning more staff hires worldwide .
Quartz is preparing to cut four jobs from its UK commercial team of 19 employees. The news website said that after being responsible for 25% of its total advertising revenue in 2017, the country’s division suffered a slow-down last year. It attributed several factors, including outside issues such as business uncertainty prompted by Brexit. Quartz said it believes new UK market strategies intended to prioritise larger partnerships will improve its fortunes again. The impending job eliminations come despite the publisher's overall business growing, with its 2018 revenues increasing 25% YoY. It is also planning more staff hires worldwide.