About half of Bandcamp staff have been laid off

One of many worst tech labor years ever continues with the information that roughly half of Bandcamp staff have been laid off. Bandcamp staff are reporting the information through social media.

Late final month, Epic Video games laid off 16 p.c of its workforce, or 830 staff, resulting from what CEO Tim Sweeney described as overspending. Epic additionally revealed that it could promote the Bandcamp enterprise to California-based music licensing firm Songtradr. In that announcement, Epic disclosed that a further 250 individuals can be leaving Epic both by way of receiving provides from Songtradr or Epic’s divesture from its SuperAwesome advert enterprise. Staff who didn’t obtain provides from Songtradr had been notified immediately and will likely be eligible for severance.

In an e-mail to The Verge, Songtradr confirmed that fifty p.c of Bandcamp staff have been prolonged provides to hitch Songtradr and reaffirmed from a earlier assertion the corporate’s dedication to retaining the Bandcamp expertise the identical.