Tidal Music Service Cuts Over 10% of Its Employees Amid Global Reductions by Owner Block

Bloomberg: Tidal Music Service Lays Off Over 10% of Its Staff

– Once, the streaming service Tidal was owned by Jay-Z
– But now it is owned by billionaire Jack Dorsey’s Block
– Recently, Block announced staff cuts
– The global reductions also affected Tidal service
– The music service has already laid off about 40 employees
– The layoffs affected various departments, including curators
– Block plans to reduce staff to 12,000 by 2025
– At the end of Q3 2023, the number of employees was 13,000

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