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About half of Bandcamp employees have been laid off
(www.theverge.com)
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this post was submitted on 16 Oct 2023
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It's cyclical and very well understood at this point.
A business will hire a bunch of people to meet demand and then lay them off to make the company's earnings look better the following quarter.
At this point, I have no sympathy for anyone targeted by these layoffs if they work for a company that has been known to do them. Real 'leopards ate my face', vibes.