Variety: After Jay-Z cut salaries and furloughed employees at Tidal in April, Jay-Z received a PPP government loan for $2.1M for another Tidal linked company. After receiving the money, Jay-Z laid off 15 of those furloughed Tidal employees. https://variety.com/2020/music/news/jay-z-tidal-millions-ppp-loans-1234702587/

Vareity article from April detailing how Jay-Z did pay cuts and furloughs of employees during the #COVID__19 pandemic. https://variety.com/2020/music/news/roc-nation-jay-z-furloughs-pay-cuts-coronavirus-1234581822/amp/?__twitter_impression=true

At the same time, Jay-Z’s Roc Nation tweeted out encouragement to New Yorkers to “stay home” and “flatten the curve” and recognized “marginalized communities are bearing the brunt of #Covid_19.”

You knew they were coming.

BTW, that PPP government program is designed to continue paychecks and has a forgiveness element for businesses that continue to issue paychecks. It’s basically “free money” to pay your employees with.

Jay-Z once said said he “welcomes the conversation” and wants “to be held accountable for what he is doing.”

Some are trying to say Malibu is a completely separate company even though Vareity reports Tidal paychecks come from Malibu Entertainment.

Variety - “several Tidal employees tell Variety that their paychecks come from Malibu Entertainment.”