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@narwhal@lemmy.ml to Technology@lemmy.ml • 2 years ago

About half of Bandcamp employees have been laid off

www.theverge.com

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  • technology@lemmy.world
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About half of Bandcamp employees have been laid off

www.theverge.com

@narwhal@lemmy.ml to Technology@lemmy.ml • 2 years ago
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Songtradr extended offers to half of Bandcamp workers.
  • Metal Zealot
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    84•2 years ago

    Why was Epic even interested in Bandcamp in the first place??

    This fucking blows. Start downloading all your music you’ve bought, you soon won’t be able to own anything online anymore.

    • @Euphoma@lemmy.ml
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      35•2 years ago

      I’m pretty sure they Epic bought Bandcamp for their battle with Apple and then did literally nothing with it.

    • @small44@lemmy.world
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      14•2 years ago

      Since I discovered bandcamp in 2017, I always downloaded all the music I bought

    • @iforgotmyinstance@lemmy.world
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      11•2 years ago

      Epic doesn’t care about any particular product or service. They are a publishers with aims to become a storefront, but plan to do so by passing off customers and devs and partners.

    • drd
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      6•2 years ago

      I feel like back in March 2022 Epic did not really anticipate market conditions to continue to worsen. Big miscalculation on their part.

      • @Tak@lemmy.ml
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        3•2 years ago

        Why wouldn’t you plan for the worst?

        I really don’t understand how on one hand all of these CEOs and investor types are geniuses and just built different but on the other hand they’re hiring people and firing people because they couldn’t predict the line on graph doesn’t always go up.

        • drd
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          2 years ago

          If I had to guess, it’s because of money. There was more incentive at the time to grow fast and try to maximize profit than to limit growth and potential profits in case of a market downturn. Tim slightly explains what happened.

          For a while now, we’ve been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.

    • @Synthead@lemmy.world
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      6•2 years ago

      If you didn’t download it, then what’s the point?

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