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Tinder parent company cuts jobs as subscriber numbers slump

The number of people paying for the world's most popular dating app has continued to slide.

Tinder's parent company, Match Group Inc, plans to cut 6% of its global workforce amid a continued slump in users paying for its most popular dating app. Match has now reported declines in Tinder subscriber numbers for several consecutive quarters - though it remains the world's most popular dating app, and the latest dip was less than some investors anticipated. “Despite owning some of the best-known brands in the dating market, Match Group has been struggling with intense competition," said Russ Mould, investment director at AJ Bell.

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