Bandcamp lays off half its staff after buyout by Songtradr

New job offers only made to 50% of staff of indie music champion, as $300m music licensing company Songtradr looks to cut costs

Half the staff at Bandcamp, the online music platform known for championing independent artists and labels, have been laid off following the recent purchase of the company by music licensing startup Songtradr.

Songtradr confirmed the purchase from Epic Games last month, writing in a statement: “This acquisition will help Bandcamp continue to grow within a music-first company and enable Songtradr to expand its capabilities to support the artist community.” Financial terms were not disclosed.