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.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bandcamp Undergoes Major Layoffs After SaleAfter Epic Games sold off the music discovery platform, its new owners said that 50 percent of employees accepted offers to stay on.
Read more »
Songtradr Initiates Layoffs After Bandcamp Acquisition ClosesThe layoffs reportedly impacted both the tech team and members of the editorial team behind the company’s music blog Bandcamp Daily
Read more »
About half of Bandcamp employees have been laid offBandcamp is letting go of roughly 50 percent of its workforce as a part of Epic Games’ sale of the company to Songtradr.
Read more »
LinkedIn announces another round of layoffs, cutting over 600 employeesLinkedIn is set to cut over 600 employees in a new round of layoffs, citing the need for 'talent changes' to manage their business effectively.
Read more »
LinkedIn announces new layoffs in second round of cuts this yearEmployment-focused social networking site LinkedIn on Monday announced it will cut 668 jobs, affecting roughly 3% of its global workforce.
Read more »
Bosses Deploying AIs in Video Meetings to Lecture Employees for Bad BehaviorScience and Technology News and Videos
Read more »