Get the latest tech news
Match Group layoffs: Tinder parent company cuts jobs amid subscriber decline
Tinder’s parent company Match Group has seen a decline in subscriber numbers which has led to plans to cut 6% of its global workforce.
Tinder’s parent company Match Group has seen a decline in subscriber numbers leading to plans to cut 6% of its approximately 2,600 strong global workforce. In its quarterly earnings report for Q2, the company shares how ‘Tinder Payers’ has reduced by “8% Y/Y to 9.6 million.” This means fewer people are paying to find love on the platform that has numerous subscription levels. With high pressure on the online dating platform to perform as expected by investors, a letter to shareholders says there will be an “intense focus on innovation to drive growth.”
Or read this on ReadWrite
