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Fortune

Chris Morris

Match Group's new CEO says he's cutting 13% of staff in a bid to turn around the floundering dating-app company

Match Match Group Spencer Rascoff Tinder

Spencer Rascoff holds his hands together on stage (Credit: Patrick T. Fallon / Bloomberg—Getty Images)

Match Group is laying off 13% of its workforce. The move comes as paid users fell another 5% in the most recent quarter. Young users are pivoting back to real-world meetups, rather than online dating.

Match Group, the parent company of dating apps including Tinder, Hinge, and OKCupid, is culling its workforce by 13%, announcing plans to cut approximately 325 jobs.

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