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Match to lay off 13% of staff


Dating app giant Match Group is laying off 13% of its staff as part of a reorganization that aims to reduce costs and simplify its organizational structure.

Dating app giant Match Group is laying off 13% of its staff as part of a reorganization that aims to reduce costs, shore up margins, and streamline its organizational structure. Spencer Rascoff, who came on board as CEO in February, said in a statement that the move was aimed at helping Match operate as one company, not brands that are managed independently. He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel, tourism, entertainment and books.

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