THE FATBOY SHOW : TIDAL could lay off a quarter of its current staff.

TIDAL, the high-definition music streaming platform, is not having the best of times. The company has already made layoffs, and its management has been mulling a potential restructuring to get back on track to profitability. Now, a report claims that an upcoming round of layoffs will affect around a quarter of the current TIDAL staff.

Competition in the music streaming service segment has become quite fierce. Other platforms have been getting more and more features and a growing catalog of songs. TIDAL's main selling point over the others has always been Hi-Fi audio. While rival services were betting on formats with quality compression, TIDAL offered premium plans with lossless music.