Match Group Cuts Jobs and Reports Decline in Tinder Subscribers

Tinder's parent company faces pressure from investors as it struggles with user retention and competition.

Match Group will cut 6% of its global workforce, focusing on discontinuing live-streaming services.
Tinder's paying users fell by 8% in the recent quarter, marking a continued decline.
Despite the drop in subscribers, Match Group's revenue grew by 4%, beating Wall Street estimates.
Hinge, another Match Group app, saw a significant increase in paying users, rising by 24%.
Activist investors are pushing for changes, including a potential sale if the company fails to improve.