Match Group, the parent company behind popular dating apps such as Tinder, Hinge, and OkCupid, has announced a major workforce reduction. Around 325 employees, or 13 per cent of its global staff, will be laid off as part of a restructuring strategy to streamline operations and reduce costs.
This is the first major overhaul under the company’s new CEO, who stepped into the role in February 2025. The decision comes at a time when the online dating industry is grappling with falling engagement levels, especially among younger users. Many are turning to offline meetups and free alternatives, leaving paid platforms with dwindling subscriber bases.
Match Group’s latest earnings report reveals a dip in profitability. The company reported $117.6 million in profit for the first quarter, down from $123.2 million in the same period last year. Paid users declined by five per cent, with a total of 14.2 million users. Tinder experienced the sharpest decline, with a seven per cent drop in subscriptions.
Despite these challenges, Match expects to generate between $850 million and $860 million in revenue for the second quarter, slightly above market expectations. The job cuts are expected to save the company around $100 million annually.
To offset weaker demand, Match is considering pricing adjustments and promotional offers to retain users. Although unaffected by tariffs directly, the company remains cautious about consumer-spending trends, especially as costs rise elsewhere.
Match Group’s stock has lost over 70 per cent of its value in the past five years. The restructuring signals an urgent attempt to stabilise its business and reposition itself in a rapidly evolving dating app market.
Source – https://www.hrkatha.com/news/match-group-to-slash-13-of-workforce/