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Tinder to Lay Off 6% of Staff Despite Q2 Revenue Growth

Tinder’s parent company Match Group is set to terminate 6% of its workforce as part of its efforts to eliminate live-streaming services from its dating platforms. Although Tinder’s revenue report for Q2 2024 revealed that the dating app had seen 4% growth through the quarter and earned around $864 million in revenue, its parent company has decided to eliminate a sizeable portion of its workforce.

The decision comes amid an industry-wide slump characterized by slow user growth that began during the coronavirus pandemic and has…

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ChineseWire
Los Angeles, CA
www.ChineseWire.com
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Editor@ChineseWire.com

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