Jay Z’s company releases statement on CEO Andy Chen’s departure

Muiltimillionaire artiste JayZ’s company-Aspiro has decided to clear the air on the departure of the CEO of one of its subsidiaries- Swedish music streaming service,Tidal.

Following rumours making the rounds online, especially on  Swedish news site Breakit that over 25 employees of Tidal were forced to leave, the company has issued a statement online saying:

“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.”

JayZ in a move to restore customer confidence in Tidal, has reportedly that been personally calling Tidal subscribers to thank them for using the service.