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50% Bandcamp employees have been laid off

Stellar Snippets

As the owner, Epic Games has sold Bandcamp  to Songtradr and approximately 50% of Bandcamp's workforce was laid soon after. 

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Reports state that Epic Games had indicated that not all employees will receive Songtradr offers. The laid-off employees will receive severance.

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Songtradr had confirmed the terminations because its "current financials" supposedly needed "some adjustments."

According to Songtradr, Bandcamp's operating costs had increased to the point of being unsustainable.

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It decided to provide offers to 50% of the employees after a "comprehensive evaluation" of the importance of specific roles in business operations and other factors.

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Despite the layoffs, Songtradr is planning to retain existing Bandcamp services like artist-first revenue share, Bandcamp Fridays, and Bandcamp Daily.

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Fortnite developer Epic Games bought Bandcamp in March 2022 and announced in September 2023 the termination of 16% or 830 people who were staffed. 

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The staff expressed their shock and disappointment at the 50% layoffs on social media. Much of the terminated staff belonged to the editorial team.

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