Wolf Alice Posted December 7, 2023 Share Posted December 7, 2023 Off the heels of Spotify laying off 17% of its employees just before the holiday season, Tidal also lays off over 10% of theirs. Is this a sign of the music streaming-only services being unable to keep up with the increasing royalty payments due to increasing streaming consumption and legislative changes demanding that these services pay more to the creators? Or is it just corporate greed in an attempt to increase stock value and increase shareholder dividends? https://variety.com/2023/digital/news/tidal-layoffs-10-percent-employees-1235825119/ Link to comment Share on other sites More sharing options...
Apolonio Posted December 7, 2023 Share Posted December 7, 2023 Tidal is still a thing? Link to comment Share on other sites More sharing options...
DeadInside Posted December 7, 2023 Share Posted December 7, 2023 Aren't Beyonce and Jay-Z billionaires? greedy 1 Link to comment Share on other sites More sharing options...
period sis Posted December 7, 2023 Share Posted December 7, 2023 4 minutes ago, DeadInside said: Aren't Beyonce and Jay-Z billionaires? greedy It's not owned by Jay anymore, and Bey never did..... 3 Link to comment Share on other sites More sharing options...
Devin Posted December 7, 2023 Share Posted December 7, 2023 hate to see layoffs during holiday season smh. Link to comment Share on other sites More sharing options...
Devin Posted December 7, 2023 Share Posted December 7, 2023 1 minute ago, period sis said: It's not owned by Jay anymore, and Bey never did..... that user still reaching & finding ways to drag Bey is comical atp. Link to comment Share on other sites More sharing options...
Wolf Alice Posted December 7, 2023 Author Share Posted December 7, 2023 (edited) 18 minutes ago, period sis said: It's not owned by Jay anymore, and Bey never did..... Jay sold off his stake but Bey, Madge, and Riri retained their ownership becoming the second largest shareholders after Jack's Square (who owns 80%). It's rumoured that Jack is planning more layoffs before the holidays in his other companies too https://www.theguardian.com/business/2021/mar/04/jay-z-sells-majority-stake-in-tidal-music-streaming-service-to-jack-dorseys-square Edited December 7, 2023 by Wolf Alice Link to comment Share on other sites More sharing options...
Poxy Posted December 7, 2023 Share Posted December 7, 2023 How many people regularly use Tidal? Link to comment Share on other sites More sharing options...
45seconds Posted December 7, 2023 Share Posted December 7, 2023 13 minutes ago, Wolf Alice said: Jay sold off his stake but Bey, Madge, and Riri retained their ownership becoming the second largest shareholders after Jack's Square (who owns 80%). It's rumoured that Jack is planning more layoffs before the holidays in his other companies too https://www.theguardian.com/business/2021/mar/04/jay-z-sells-majority-stake-in-tidal-music-streaming-service-to-jack-dorseys-square What point are you trying to make? 1 Link to comment Share on other sites More sharing options...
Wolf Alice Posted December 7, 2023 Author Share Posted December 7, 2023 (edited) 2 minutes ago, 45seconds said: What point are you trying to make? I'm just correcting their statement but also providing context that this is Jack's decision. Edited December 7, 2023 by Wolf Alice Link to comment Share on other sites More sharing options...
Kasix Posted December 7, 2023 Share Posted December 7, 2023 (edited) 10% of total employees might just be 10 people Spoiler Spoiler Edited December 7, 2023 by Kasix Link to comment Share on other sites More sharing options...
Big Bad Wolf Posted December 7, 2023 Share Posted December 7, 2023 Flop bomb company. Beyonce better divorce that failed entrepreneur Link to comment Share on other sites More sharing options...
needs Posted December 7, 2023 Share Posted December 7, 2023 Laying people off before the holidays is so ****** up. Link to comment Share on other sites More sharing options...
glitch Posted December 7, 2023 Share Posted December 7, 2023 I'm shocked they even have employees to fire Link to comment Share on other sites More sharing options...
May Posted December 7, 2023 Share Posted December 7, 2023 2 hours ago, Poxy said: How many people regularly use Tidal? I do and i prefer it to spotify the algorithm is better for me Link to comment Share on other sites More sharing options...
dumbsparce Posted December 7, 2023 Share Posted December 7, 2023 Why doesn't this have just as many pages as the Spotify thread? Link to comment Share on other sites More sharing options...
RideOrDie Posted December 7, 2023 Share Posted December 7, 2023 a lot of companies are doing layoffs, including big banks etc. it's not exclusive to streaming services only Link to comment Share on other sites More sharing options...
Lyrica Posted December 7, 2023 Share Posted December 7, 2023 This was obviously gonna happen sooner or later. Why are people here shocked. I am not defending the company it's just that it was obvious from the start that once they reach certain size there is just so much they can do in terms of growing revenue. 10% even seems low. Your app is built. You don't need marketing bc everyone who uses streaming services knows about you. You don't create original content. Customer service is outsourced to India. What are so many people even doing day to day? Link to comment Share on other sites More sharing options...
Exzime. Posted December 7, 2023 Share Posted December 7, 2023 There's no one I know IRL that uses TIDAL. So, I'm surprised that it still exists. Link to comment Share on other sites More sharing options...
DamianSolo Posted December 7, 2023 Share Posted December 7, 2023 I hope they, at least, got severance pay to get them through the holidays. Link to comment Share on other sites More sharing options...
BrokenMachine Posted December 7, 2023 Share Posted December 7, 2023 16 hours ago, Wolf Alice said: Or is it just corporate greed in an attempt to increase stock value and increase shareholder dividends Of course this one Link to comment Share on other sites More sharing options...
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