Half of Bandcamp's 120-person staff laid off following second sale in 18 months

Indonesia Berita Berita

Half of Bandcamp's 120-person staff laid off following second sale in 18 months
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 latimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 82%

The beloved indie music distributor and community hub lost half of its employees today, following an acquisition by music licensing company Songtradr.

Indie music hub Bandcamp has laid off half of its employees, less than a month after the announcement that music licensing company Songtradr had purchased the platform from video game publisher Epic Games. Founded in 2008, Bandcamp is beloved by musicians for its artist-friendly revenue sharing and active fan community. In March 2020, the company launched Bandcamp Friday, which gives artists 100% of profits for sales occurring on the first Friday of every month.

” The Bandcamp staff reductions were part of the September layoffs initiated by Epic Games. A representative for Songtradr told The Times that 60 of Bandcamp's 118 employees were offered the opportunity to retain their position, and that 58 workers had accepted. Additionally, the representative told The Times 50% of the core editorial staff would remain on board. 'Over the past few years the operating costs of Bandcamp have significantly increased,' said the Songtradr representative.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

latimes /  🏆 11. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

About half of Bandcamp employees have been laid offAbout half of Bandcamp employees have been laid offBandcamp is letting go of roughly 50 percent of its workforce as a part of Epic Games’ sale of the company to Songtradr.
Baca lebih lajut »

Half & Half Season 3 Streaming: Watch & Stream Online via Amazon Prime Video & Paramount PlusHalf & Half Season 3 Streaming: Watch & Stream Online via Amazon Prime Video & Paramount PlusWondering where and how you can watch Half & Half Season 3 online? Here are all the streaming details you might need!
Baca lebih lajut »

Half & Half Season 2 Streaming: Watch & Stream via Amazon Prime Video & Paramount PlusHalf & Half Season 2 Streaming: Watch & Stream via Amazon Prime Video & Paramount PlusWondering where and how you can watch Half & Half Season 2 online? Here are all the streaming details you might need!
Baca lebih lajut »

Songtradr Initiates Layoffs After Bandcamp Acquisition ClosesSongtradr Initiates Layoffs After Bandcamp Acquisition ClosesThe layoffs reportedly impacted both the tech team and members of the editorial team behind the company’s music blog Bandcamp Daily
Baca lebih lajut »

Bandcamp Employees Face Layoffs Amid Sale to SongtradrBandcamp Employees Face Layoffs Amid Sale to SongtradrEpic Games notified hundreds of staff members on Monday that they would receive severance packages.
Baca lebih lajut »

Bandcamp Undergoes Major Layoffs After SaleBandcamp Undergoes Major Layoffs After SaleAfter Epic Games sold off the music discovery platform, its new owners said that 50 percent of employees accepted offers to stay on.
Baca lebih lajut »



Render Time: 2025-02-28 18:14:24