Songtradr, Epic Games respond to Bandcamp Union concerns [UPDATED]
UPDATE: Epic Games has joined Songtradr in responding to a letter from the Bandcamp United union expressing employee concerns after it was announced earlier this week that Epic Games had sold Bandcamp to the music licensing platform.
The Union letter called for “employment offers for all workers; clear, consistent, and equitable voluntary severance offers; and recognition of their union at Songtradr with a speedy continuation to bargaining.”
Songtradr responded to severance concerns:
“Those that don’t receive offers within the next few weeks will receive severance from Epic as part of their layoffs as communicated on September 28th.”
An Epic Games spokesperson reached out with this release on layoffs and severance packages at Epic and confirmed that it will also apply to Bandcamp staff:
“We’re offering a severance package that includes six months base pay and in the US/Canada/Brazil six months of Epic-paid healthcare. We’re offering to accelerate people’s stock option vesting schedule through the end of 2024 and are giving two additional years from today to exercise the options. In the US we’re also offering to vest any unearned profit sharing from their 401k. And we’ll provide benefits, including career transition services and visa support where we can.”
Earlier today, Songtradr issued a statement acknowledging that there will be downsizing at Bandcamp “to ensure a sustainable and healthy company” and that Epic would provide severance for those who were laid off.
The new owners also said that they intend to continue existing Bandcamp services, including Bandcamp Fridays, Bandcamp Daily, and its artist-first revenue share. The next Bandcamp Friday is tomorrow, October 5th.