Conflict to lay off 13 % of the employees

Match Match Giant Giant Match records 13 % of its employees as part of the reorganization aimed at reducing costs, increasing margins, and simplifying its organizational structure.

The demobilization of workers will affect about 325 employees, based on the match of 2500 employees as of December 2024, according to their annual presentation. Open roles are also closed.

The company said that reorganization aims to reduce management layers, as it is affected by about one in five managers, and the focus of the main jobs-including technology and data services, customer service, moderate content, media purchase, and going to the international market.

Spencer Raskov, who came on board as an executive in February, said in a statement that this step aims to help matching work as one company, not the brands that are being managed independently, said Spencer Raskov, who came on board as an executive head in February, in a statement. Match is the mother company for many famous dating applications, including Tinder, Hinge, Match.com, Meetic, OKCupid, Felding, many fish and our time.

Rskov said in a statement that costs and reorganization discounts would help save more than $ 100 million (annual) and about $ 45 million in 2025.

The match also said that the revenues of the first quarter decreased by 3 % to 831.2 million dollars from the previous year due to a 5 % decrease in the number of users who paid for a service or subscription. The net profit decreased by 4.6 % on an annual basis to $ 117.6 million.