So what’s next?
TIDAL is firing their staff and restructuring.
Over 25 employees have been fired, including CEO Andy Chen. Chen is being replaced by former CEO Peter Tonstad.
TIDAL says they’re just “streamlining” to ensure their growth.
Business Insider posted the following statement from TIDAL:
“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.”
More information as it becomes available.
Nina Ulloa covers breaking news, tech, and more: @nine_u
Photo by Gage Skidmore on Flickr used with the Creative Commons License