Epic Games notified hundreds of staff members on Monday that they would receive severance packages.
Epic Games and Songtradr confirmed plans to let go of roughly half of Bandcamp’s workforce on Monday , as the two companies finalized the sale of the popular independent music sales and streaming platform.— an online music licensing marketplace — on Sept. 28 amid a broad restructuring that involved laying off 830 employees, or about 16% of its workforce.
“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,” according to the statement. “We are looking forward to welcoming Bandcamp into our musically aligned community.”
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