Andy Chen, the CEO of Jay Z’s highly confusing and unlikable music streaming service Tidal, has left the company, along with around 25 other employees. A Tidal rep is calling these departures “streamlining” and “redundancies,” which are nice fancy words for everything going to hell. Via Business Insider, we’ve got the official company statement:
TIDAL’s new interum [sic] CEO is Peter Tonstad – a former CEO of parent company Aspiro Group. He has a better understanding of the industry and a clear vision for how the company is looking to change the status quo. He’s streamlining resources to ensure talent is maximized to enhance the customer experience. We’ve eliminated a handful of positions and refocused our company-wide talent to address departments that need support and cut redundancies. TIDAL’s offices globally will remain and grow: we are already hirinig for several new positions now. We’re excited about our future and what’s in-store for fans who want the best listening experience.
Best of luck to doomed, vague, out-of-touch streaming service Tidal in the interum [sic]. As for what could potentially turn this tide, if you will:
Image via screengrab
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