Songtradr Acquires Bandcamp, Lays Off Half of Staff After Recent Ownership Changes

Songtradr recently acquired Bandcamp and laid off 50% of Bandcamp's staff.

Bandcamp's operating costs had increased over the past few years, requiring adjustments for sustainability.

After a review of roles, half of Bandcamp's staff did not get job offers at Songtradr.

Bandcamp was previously bought by Epic Games in 2021, but Epic later sold it off while cutting its own staff.

Bandcamp staff are receiving 6 months severance pay, which may relate to their recent unionization.