this post was submitted on 16 Oct 2023
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Buying and "streamlining" is a pretty common practice, yeah. ~~Epic~~ Songtradr bought them for the tech and userbase, not for their employees.
The layoffs are related to the sale of Bandcamp to Songtradr.
https://variety.com/2023/music/news/bandcamps-layoffs-songtradr-1235758123/
I'd forgotten who was selling to who, thanks.