this post was submitted on 16 Oct 2023
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This is the best summary I could come up with:
One of the worst tech labor years ever continues with the news that roughly half of Bandcamp employees have been laid off.
Epic Games bought the indie music platform back in 2022 for an undisclosed amount before selling it barely a year later.
Late last month, Epic Games laid off 16 percent of its workforce, or 830 employees, due to what CEO Tim Sweeney described as overspending.
Epic also revealed that it would sell the Bandcamp business to California-based music licensing company Songtradr.
Employees who did not receive offers from Songtradr were notified today and will be eligible for severance.
In an email to The Verge, Songtradr confirmed that 50 percent of Bandcamp employees have been extended offers to join Songtradr and reaffirmed from a previous statement the company’s commitment to keeping the Bandcamp experience the same.
The original article contains 212 words, the summary contains 137 words. Saved 35%. I'm a bot and I'm open source!