Tidal

Music streaming service Tidal, owned by Block, is undergoing its second major layoff within a year, potentially affecting around 100 employees, which would represent approximately 25% of its workforce. This follows a previous round of about 40 layoffs in December 2023. CEO Jack Dorsey announced the company is restructuring to operate more like a startup, eliminating entire product management and product marketing functions, reducing its design team, and streamlining foundational roles. The move, part of a broader strategy to focus on engineering and design while narrowing its scope, comes after Tidal discontinued its free user tier in March. The exact number of layoffs is still being finalized, with further reductions in engineering possible in the coming weeks.

Music streaming service Tidal is laying off more than 10% of its staff, affecting around 40 employees, as part of parent company Block's plan to cap headcount at 12,000 to focus on business growth.

Tidal laid off 40 employees representing approximately 10% of its workforce on 2023-12-06.