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Fortune
Fortune
Kali Hays

Jack Dorsey hits Tidal with another mass layoff: "We need to build like a startup again"

Jack Dorsey Tidal Block Fortune
(Credit: Joe Raedle/Getty Images)

Jack Dorsey told staff at music streaming app Tidal that they’re in for another mass layoff.

The CEO of Block, which owns the music streaming platform, said in a note to staff Wednesday morning and viewed by Fortune that Tidal needs to operate “like a startup again.” This requires organizations across the company to operate with a “much smaller team,” Dorsey said.

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