Well that was quick. Tidal’s first CEO, Andy Chen, has left the company amid rumors of layoffs. In a statement to Billboard, a spokesperson said an interim replacement has taken over.
“Tidal’s new interim 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 hiring for several new positions now. We’re excited about our future and what’s in-store for fans who want the best listening experience.”
How are you only in business for less than 2 months and have already had layoffs? Sounds like something isn’t running as smoothly as they thought it would. Something tells me in a couple of months, Tidal will only be a ripple in a kiddie pool.
And get this, now the company is offering celebrity phone calls to subscribers. Sounds like desperateness.
Image Credit: Anja Elmine Basma