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fortune.com
Jack Dorsey hits Tidal with another mass layoff: "We need to build like a startup again" | Fortune
The streaming music service, founded by Jay-Z, has been owned by Dorsey's Block for several years.
The CEO of Block, which owns the music streaming platform, said in a note to staff Wednesday morning and viewed by Fortune that Tidal needs to operate “like a startup again.” This requires organizations across the company to operate with a “much smaller team,” Dorsey said.
“So we’re going to part ways with a number of folks on our team,” Dorsey explained in the note. “We’re going to lead with engineering and design, and remove the product management and product marketing functions entirely. We’re reducing the size of our design team and foundational roles supporting TIDAL, and we will consider reducing engineering over the next few weeks as we have more clarity around leadership going forward.”
