Tinder parent Match cuts 13% of workforce, forecasts revenue above estimates

Share via:


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 Tinder parent ploughs 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 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Tinder parent Match cuts 13% of workforce, forecasts revenue above estimates


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 Tinder parent ploughs 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 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Illinois health department exposed over 700,000 residents’ personal data...

The health department for the U.S. state of...

Illinois health department exposed over 700,000 residents’ personal data...

The health department for the U.S. state of...

Zanskar thinks 1 TW of geothermal power is being...

The ground beneath our feet holds so much...

Popular

buy iptv subscription buy iptv service iptv subscription for sale best iptv subscription cheap iptv subscription premium iptv subscription iptv subscription deals iptv service provider buy iptv online iptv streaming service iptv plans online iptv subscription online best iptv provider iptv service for sale buy premium iptv iptv membership iptv subscription price iptv monthly subscription iptv yearly subscription iptv subscription packages buy iptv connection iptv reseller subscription iptv service deals iptv live tv subscription iptv sports subscription iptv 4k subscription iptv hd subscription buy iptv for smart tv iptv subscription instant activation iptv no contract subscription reliable iptv service secure iptv subscription fast iptv service iptv multi device subscription iptv trial subscription iptv service with support buy iptv playlist iptv m3u subscription iptv xtream codes subscription iptv subscription buy now melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal