# Spotify to lay off 200 workers in podcast division
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2023-06-05
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Spotify to Lay Off 200 Workers in Podcast Division
Meta Description: Spotify Technology SA announces layoffs in podcast division to focus on growth and partnerships for revenue diversification.
URL: https://economystandard.com/spotify-to-lay-off-200-workers-in-podcast-division/

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## Spotify to lay off 200 workers in podcast division   (Reuters) – Spotify Technology SA said on Monday it would lay off 200 employees in its podcast division, representing about 2% of the audio streamer’s worldwide workforce.    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.    “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.    The company said in January it planned to cut 6% of its staff and would take a related charge of up to $50 million.        (Reporting by Tiyashi Datta in Bengaluru; Editing by Vinay Dwivedi)


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