Songtradr extended offers to half of Bandcamp workers.

One of the worst tech labor years ever continues with the news that roughly half of Bandcamp employees have been laid off. Bandcamp employees are reporting the news via social media.

about half the company was laid off today. some of the most incredible people i’ve ever worked with, including two of my amazing editorial colleagues @diamonde and @atoosamoinzadeh and most of the incredible support staff among many others. this is a loss, no two ways about it

— jj skolnik (@modernistwitch) October 16, 2023

Epic Games bought the indie music platform back in 2022 for an undisclosed amount before selling it barely a year later.

Late last month, Epic Games laid off 16 percent of its workforce, or 830 employees, due to what CEO Tim Sweeney described as overspending. Epic also revealed that it would sell the Bandcamp business to California-based music licensing company Songtradr. In that announcement, Epic disclosed that an additional 250 people would be leaving Epic either through receiving offers from Songtradr or Epic’s divesture from its SuperAwesome ad business. Employees who did not receive offers from Songtradr were notified today and will be eligible for severance.

In an email to The Verge, Songtradr confirmed that 50 percent of Bandcamp employees have been extended offers to join Songtradr and reaffirmed from a previous statement the company’s commitment to keeping the Bandcamp experience the same.

Songtradr’s statement also confirmed that its purchase of Bandcamp had been completed, but it did not confirm if it would voluntarily recognize Bandcamp’s union that employees won earlier this year, despite pressure from employees and the Bandcamp community.

  • Pxtl@lemmy.caEnglish
    47·
    1 year ago

    God damn. Bandcamp is where I get my music wherever possible - they’re an amazing platform and product and I like the fact that my purchases are going to support the actual artists instead of vanishing into the Google or Spotify machinery.

    I knew it was possible after the Epic sale that they’d get screwed, but this worse than I expected.

    And here in Canada, their main competitors for buying online music are Apple and 7digital. Not great options, considering that 7digital is also owned by Songtradr now.

  • hedge@beehaw.orgEnglish
    33·
    1 year ago

    😡 Could a bunch of artists get together and turn it into a coop or something like that? Something that isn’t forced to constantly grow or be liquidated? Dunno, just a random idea.

    • theDoctor@lemmy.sdf.org
      16·
      1 year ago

      Because money.

      When you sell to a big corporation their only goal is to milk every dollar possible.

      And it will keep happening again and again until the system changes or people with more conscience than greed decide not to sell to the highest bidder.

      It’s not good enough to be profitable. It’s good enough when your current workforce is at its breaking point because you can barely get the required work done. Then you announce record profits, the investment banks expect even more growth next quarter, the employees are thanked with a canned letter from the CEO for their hard work, you cut a division in half while increasing their work, hire a consulting firm that will do a crap job on a project but you don’t have to pay benefits, and then give your employees a negative review for poor time management of an impossible workload and do it all again.

      I’m not jaded at all. :(

    • taanegl@beehaw.org
      6·
      1 year ago

      Mmmm I’m guessing access to publishing rights, as a games publisher. It’s easy to negotiate with yourself…

      …like musicians haven’t been fucked enough by the IP industry. Word to Max Romeo.

      We need to send UMG to outer space so that they can find another race… or maybe aim for the sun.

  • bbbhltz@beehaw.orgEnglish
    22·
    1 year ago

    This is disappointing. Bandcamp is just plain excellent. Where else can I get decent recs and be able to dl them in flac…Qobuz? And lose the human side?

  • terrrmus@beehaw.orgEnglish
    14·
    1 year ago

    Super bummed to hear this. My local music collection stagnated once I had Spotify for so many years. When they brought on Rogan I saved my playlists and canceled my sub. Not gonna support that shit. BandCamp has been my go to purchase albums from the smaller bands I listen to. It’s been great downloading FLAC versions and streaming through PlexAmp. As a music distributer I like the options they give bands and users. Sad that Epic fucked them over.

  • edric@lemm.ee
    6·
    1 year ago

    I knew this was coming when they were acquired. All my music is on streaming (via distributor) but I was contemplating to also put my music on bandcamp in case anyone was interested in actually paying more than $0.0003 to listen to it.

  • AutoTL;DR@lemmings.worldBEnglish
    1·
    1 year ago

    🤖 I’m a bot that provides automatic summaries for articles:

    Click here to see the summary

    One of the worst tech labor years ever continues with the news that roughly half of Bandcamp employees have been laid off.

    Epic Games bought the indie music platform back in 2022 for an undisclosed amount before selling it barely a year later.

    Late last month, Epic Games laid off 16 percent of its workforce, or 830 employees, due to what CEO Tim Sweeney described as overspending.

    Epic also revealed that it would sell the Bandcamp business to California-based music licensing company Songtradr.

    Employees who did not receive offers from Songtradr were notified today and will be eligible for severance.

    In an email to The Verge, Songtradr confirmed that 50 percent of Bandcamp employees have been extended offers to join Songtradr and reaffirmed from a previous statement the company’s commitment to keeping the Bandcamp experience the same.

    Saved 35% of original text.