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Tidal CEO Steps Down As Dozens Of Employees Are Let Go! Is Jay Z's Streaming Service Already In Trouble???

Filed under: Music MinuteBeyonceJack WhiteJay ZBusiness Blitz

Things are NOT looking good for Tidal!

Well this does NOT sound like good news for Tidal!

It's been less than a month since Jay Z launched his premium music streaming service, and the company is apparently already undergoing a MAJOR personnel change!

[ Related: Jay Z, Beyoncé, Madonna, & MORE Gather For A HUGE Announcement From TIDAL! ]

Andy Chen, who was a CEO of the Tidal's parent company, Aspiro Group, has reportedly stepped down and will be replaced by former Aspiro CEO Peter Tonstad!

The news comes on the heels of reports that up to 25 more Tidal employees have already been let go. However, the company says that "less than half" of that reported number have actually left.

Tidal released a statement on the big change, saying:

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