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[-] Evilphd666@hexbear.net 14 points 1 week ago

This is on top of the 2023 bloodbath / cashout.

Bandcamp lays off half its staff after buyout by Songtradr

Songtradr confirmed the purchase from Epic Games last month, writing in a statement: “This acquisition will help Bandcamp continue to grow within a music-first company and enable Songtradr to expand its capabilities to support the artist community.” Financial terms were not disclosed.

Announcing the layoffs, Songtradr outlined that it had completed its acquisition of Bandcamp and explained: “Over the past few years the operating costs of Bandcamp have significantly increased … After a comprehensive evaluation, including the importance of roles for smooth business operations and pre-existing functions at Songtradr, 50% of Bandcamp employees have accepted offers to join Songtradr.”

This means the remaining 50% will not have their contracts renewed. The Guardian has contacted Songtradr’s press representatives for further comment.

this post was submitted on 01 Jul 2026
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