Match to lay off 13% of staff

Dating app elephantine Match Group is laying disconnected 13% of its unit arsenic portion of a reorganization that aims to trim costs, enactment up margins, and streamline its organizational structure.

The layoff would impact astir 325 employees, based connected the 2,500 employees Match had arsenic of December 2024, per its yearly filing. Open roles are besides being closed.

The reorganization is meant to trim absorption layers, with astir 1 successful 5 managers affected, and centralize cardinal functions — including exertion and information services, lawsuit attraction and contented moderation, media buying, and planetary go-to-market functions, the institution said.

Spencer Rascoff, who came connected committee arsenic CEO successful February, said successful a connection that the determination was aimed astatine helping Match run arsenic 1 company, not brands that are managed independently. Match is the genitor institution of respective fashionable dating apps, including Tinder, Hinge, Match.com, Meetic, OkCupid, Hinge, Plenty of Fish, and OurTime.

The outgo cuts and reorganization would assistance Match prevention implicit $100 cardinal (annualized), and astir $45 cardinal successful 2025, Rascoff said successful a statement.

Match besides said first-quarter gross declined 3% to $831.2 cardinal from a twelvemonth earlier owed to a 5% driblet successful the fig of users who paid for a work oregon subscription. Net nett declined 4.6% year-on-year to $117.6 million.