Bandcamp's Workforce Slashed in Half Under New Ownership
Bandcamp, the digital music marketplace, has been acquired by Songtradr after being resold by Epic, resulting in the layoff of half of its employees. The layoffs were expected as part of the deal, with Songtradr offering positions to 50% of the Bandcamp employees. The acquisition and layoffs raise concerns about the future of the platform, which was known for its equitable monetization for independent artists.