<p>Spotify Technology SA said on Monday it would lay off 200 employees in its podcast division, representing about 2 per cent of the audio streamer's worldwide workforce.</p>.<p>The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts, spending more than $1 billion on them and adding popular names such as Joe Rogan to its roster.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/spotify-passes-500mn-active-users-widens-first-quarter-loss-1212855.html" target="_blank">Spotify passes 500mn active users, widens first-quarter loss</a></strong></p>.<p>"We are expanding our partnership efforts with leading podcasters from across the globe with a tailored approach optimized for each show and creator," Spotify said.</p>.<p>The company said in January it planned to cut 6 per cent of its staff and would take a related charge of up to $50 million. </p>
<p>Spotify Technology SA said on Monday it would lay off 200 employees in its podcast division, representing about 2 per cent of the audio streamer's worldwide workforce.</p>.<p>The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts, spending more than $1 billion on them and adding popular names such as Joe Rogan to its roster.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/spotify-passes-500mn-active-users-widens-first-quarter-loss-1212855.html" target="_blank">Spotify passes 500mn active users, widens first-quarter loss</a></strong></p>.<p>"We are expanding our partnership efforts with leading podcasters from across the globe with a tailored approach optimized for each show and creator," Spotify said.</p>.<p>The company said in January it planned to cut 6 per cent of its staff and would take a related charge of up to $50 million. </p>