About half of Bandcamp’s staff has been laid off after the independent music distribution platform was purchased by licensing company Songtradr from video game platform Epic Games. Remember, Epic Games has only “owned” Bandcamp for a year and a half.
Layoffs had already begun, with 830 workers laid off on September 28, the date on which the sale to Songtradr was also announced. At the time, Epic Games guaranteed that the music licensing company would not be able to retain all of the remaining 120 employees, but would offer the possibility of staying on for some – 58 employees were reportedly accepted.
“Over the past few years, Bandcamp’s operating costs have increased significantly. Some adjustments were needed to ensure the sustainability and health of the company in order to serve the artist and fan community,” a Songtard representative told the Los Angeles Times.
Bandcamp United’s workers’ committee, which was created after Epic Games bought the platform, tried to negotiate with Songtradr about the full time of all employees, but to no avail.
“We received an email from Paul Wiltshire [CEO da Songtradr] Saying they intended to keep everything the way it was, but then decided to get rid of half the people who did the creative work,” the panel representative declared, “People loved working on Bandcamp. They are devastated by this news.”
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