Songtrader has confirmed the completion of its acquisition of Bandcamp from Epic Ganes, and about 50% of staff have lost their jobs in the wake.
The news trickled out Monday as just laid-off employees took to social media.
“About half the company was laid off today,” wrote laid-off Bandcamp Daily Editor JJ Skolnik, “some of the most incredible people I’ve ever worked with… and most of the incredible support staff, among many others. This is a loss, no two ways about it.”
In addition to Editorial and Support, the tech team was among the areas heavily gutted.
“After a comprehensive evaluation, including the importance of roles for smooth business operations and pre-existing functions at Songtradr, 50% of Bandcamp employees have accepted offers to join Songtradr,” confirmed a Songtradr spokesperson.
Bandcamp United, the union representing Bandcamp employees, had not yet answered requests for comment.
We’ll share more details as the story develops.
Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.
