Jack Dorsey, CEO of Block, stated, "We're going to lead with engineering and design, and remove the product management and product marketing functions entirely." His emphasis on engineering suggests a significant strategic shift in Tidal's operations.
Dorsey informed staff that they would be reducing the design team and foundational roles supporting Tidal. He added, "We will consider reducing engineering over the next few weeks as we have more clarity around leadership going forward." This indicates impending further layoffs and restructuring.
A Tidal spokesperson said, "We have made some internal changes to our Tidal team to focus on serving artists in the most meaningful way." This reflects a directive to streamline operations while prioritizing artist services despite potential job losses.
Sources speculate about 100 layoffs at Tidal, possibly one-fourth of its workforce. This major reduction underlines the transformative measures Block is undertaking as it shifts Tidal toward a more startup-like structure.
Collection
[
|
...
]