ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/match-group” target=”_blank”>Match Group on Thursday forecast second-quarter revenue above Wall Street estimates and said it would reduce 13% of its workforce to cut costs, as the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tinder” target=”_blank”>Tinder parent plows ahead with its business revamp plan. Shares of the Dallas, Texas-based company rose 2.7% in premarket trading.
The layoffs are the first major structural change at Match since new ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ceo-spencer-rascoff” target=”_blank”>CEO Spencer Rascoff took the helm in February and was tasked with tackling a slowdown in user engagement.
The online dating industry has hit a rough patch as persistent inflation and a lack of innovative…
