The cuts just keep coming today. Following Epic’s admittance to falling asleep at the wheel when it came to spending and it’s subsequent cut of 830 employees, about half of Bandcamp’s employees just found out that they will not be moving on with the rest of the company and are now eligible for severance.
For those who may not know, Epic Games purchased Bandcamp, the indie music platform, back in 2022. Nobody knows how much it cost, so it may have been when the finance folks were busy playing Fortnite.
Back when Epic let go 16% of its staff, they also revealed that they would sell Bandcamp to Songtradr, a music licensing company. That’s when they mentioned that 250 extra people will be let go either be Songtradr or their divesting from SuperAwesome. Those who weren’t so lucky unfortunately found out today.
Source: The Verge