• gwl@lemmy.blahaj.zone
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    2 days ago

    People expected them to get fucked after the acquisition, though the new owners are just going “you keep doing what you’re doing, not gonna change a thing, just give us a cut of your profits”

    Touch wood, it’s gonna stay that way.

    • zarkanian@sh.itjust.works
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      16 hours ago

      They fucked the union, though.

      The massive layoff that gutted Oakland-based music service Bandcamp hit one group at the company particularly hard: leaders of its nascent union.

      As of Monday, Bandcamp has been sold by video game juggernaut Epic Games to Songtradr, a music licensing firm. The acquisition closed with just half of Bandcamp’s employees offered jobs at the Santa Monica-based company.

      The job cuts, which SFGATE reported Monday amounted to about 60 of 118 employees, disproportionately hit union leaders, Bandcamp United told SFGATE in a Tuesday press release. Every member of the union’s eight-person bargaining team was laid off, it said, and in sum, 40 of the bargaining unit’s 67 people lost their jobs.