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TIDAL’s CEO Along With 25 Employees Forced To Leave Jay-z’s Streaming Service

Tidal Launch Event

Jay-Z’s newly launched music streaming service TIDAL has replaced its CEO and made 25 staff members redundant.

Reported by Business Insider, TIDAL CEO Andy Chen and around 25 employees were given notice by the company and “forced to leave.”

Chen has already been replaced by its former CEO, Peter Tonstad, and TIDAL has responded to the news stating that departures were “redundancies” and “streamlining.”

In a statement, representatives of the service said: “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.”