Tidal is laying off more staff

Nov 01, 2024 03:26 AM - 1 week ago 15714

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 business and creation 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 pinch a number of folks” connected the team. “We’re reducing the size of our creation squad and foundational roles supporting TIDAL, and we will see reducing engineering complete the adjacent fewer weeks arsenic we person much clarity astir activity going forward,” Dorsey wrote, according to Fortune.

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

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

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