Bandcamp Slashes Nearly Half Its Staff After Epic Sale

Aidin Vaziri reports via the San Francisco Chronicle: Epic Games has initiated layoffs at Bandcamp, the Oakland-based online music distribution platform it recently sold to Songtradr. Among those affected were members of Bandcamp Daily, the platform's editorial arm, as confirmed by former staff members on social media channels. "About half the company was laid off today," senior editor JJ Skolnik announced on X (formerly Twitter) on Monday morning. This move comes weeks after Songtradr's acquisition of Bandcamp was announced on Sept. 28. The company did not disclose how many employees were impacted by the cuts. Songtradr, a Santa Monica-based licensing company, had previously stated that not all Bandcamp employees would be absorbed after the platform's sale from Epic, citing the service's financial situation as the basis for workforce adjustments. [...] The sale comes as the company cuts around 16% of its workforce, about 830 employees, in the face of lower profits that were outpaced by growing expenses.

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