Tidal is laying off more staff

3 weeks ago 12

The euphony streaming app Tidal is laying disconnected much workers. In a connection to Fortune, an unnamed Tidal spokesperson confirmed “the elimination of immoderate roles crossed our concern and plan teams.”

On Wednesday, Fortune published a leaked memo from Jack Dorsey, the CEO of Tidal genitor institution Block Block Head, who said that the institution is going to “part ways with a fig of folks” connected the team. “We’re reducing the size of our plan squad and foundational roles supporting TIDAL, and we volition see reducing engineering implicit the adjacent fewer weeks arsenic we person much clarity astir enactment going forward,” Dorsey wrote, according to Fortune.

Though Dorsey’s connection didn’t specify however galore employees would beryllium laid off, sources told Fortune that it could beryllium astir 100 employees — oregon astir a 4th of Tidal’s remaining staff. Tidal cut 10 percent of its workers past December, and Dorsey reportedly considered a large reorganization astatine Block successful July.

Earlier this year, Tidal merged its 2 high-fidelity euphony plans into 1 $10.99 / period subscription, lowering the terms of its astir costly program arsenic a result. It besides made FLAC the default audio format for stereo, portion adding Dolby Atmos for immersive sound.

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