About half of Bandcamp employees have been laid off
Background, I work in diligence for software aquisitions.<p>There are a lot of assumptions on this thread. I don&#x27;t know the answers in this case (not sure if anyone does?) but I think it is naive to assume that Bandcamp was wise to be employing all these people. While acquisitions tanking a company with stupid decisions are super common, it&#x27;s <i>also</i> super common for companies who are trying to look like they are growing (for future funding or acquisitions) to have way too much staff (and thus, high a burn rate) instead of running a sensible, profitable business. It is not necessarily a <i>good thing</i> that they have tons of employees - sometimes it&#x27;s entirely motivated by putting lipstick on a pig in order to look like a runaway growth success thing.<p>Songtradr is in the music infrastructure business. I think it&#x27;s quite possible they are cleaning house to make Bandcamp a more viable business that is actually focused on their core business. Doesn&#x27;t seem impossible to me that Bandcamp was way off base trying to make too much written content when really, it&#x27;s about selling music.<p>But I&#x27;m spitballing here, anyone know more about whether Bandcamp was bloated?