Epic Games layoffs included almost half of Bandcamp's staff
«At least» half of Bandcamp's staff was laid off ahead of its sale by Epic Games to music licensing and distribution platform Songtradr.
Epic only acquired Bandcamp, the self-styled «online record store and music community», last year. As we reported back in 2022, the Fortnite and Unreal Engine developer said this acquisition was all part of its vision to build out a «creator marketplace ecosystem». Its subsequent sale to Songtradr was then announced last month.
In a statement shared with Eurogamer, Epic confirmed the recent Bandcamp layoffs were part of its previous wave of cuts, which were announced at the end of September.
«We shared with Bandcamp employees that we understood Songtradr would be extending offers to some Bandcamp employees in waves in the coming weeks,» an Epic spokesperson said.
«We also let them know that Bandcamp employees not receiving offers will be offered severance by Epic and be part of Epic's layoffs. Now that the transaction with Songtradr has closed and all offers have been extended, we've notified employees who are being laid off.»
Bandcamp employees affected by these layoffs will receive the same severance terms as offered to other Epic employees. «Now that the transaction with Songtradr has closed and all offers have been extended, we've notified employees who are being laid off.»
In an additional statement regarding this sale and subsequent job reductions reported by Rolling Stone, Songtradr said Bandcamp's operating costs had «significantly increased» over recent years.
«It required some adjustments to ensure a sustainable and healthy company that can serve its community of artists and fans,» Songtradr said.
«After a comprehensive evaluation, including the importance of roles for
Read more on eurogamer.net
