Jay Z's TIDAL streaming site fires CEO and 25 employees
theGrio REPORT - Jay Z's TIDAL was giving out pink slips recently, as the news broke that the CEO and 25 other employees were already fired.
Jay Z’s TIDAL was giving out pink slips recently, as the news broke that the CEO and 25 other employees were already fired.
Andy Chen, the CEOÂ of Aspiro (the company acquired by Jay Z when he purchased TIDAL), has been fired, along with 25 other employees, according to reports that broke on Thursday.
Although TIDAL maintains that the departures are just part of a “handful” and that they are continuing to grow and to hire, this latest news seems to lend credence to TIDAL’s detractors, including most recently Death Cab for Cutie’s Ben Gibbard.
TIDAL released this statement regarding to recent firings:
“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.”
