Tinder to lay off 8% of global workforce

Match Group, an American company that owns dating apps like Tinder, OkCupid or Meetic, a template regulation that will affect 8% of the workforceglobal level, This will mean that around 200 workers are laid off.as announced by the multinational after submitting its annual accounts.

“We expect to reduce our global workforce by about 8%,” said Gary Swidler, Match Group’s chief financial officer, at a conference with analysts following the release of the multinational’s results.

In this sense, Match Group Recorded a net attributable profit of $361.9 million in 2022 (333m euros), 30.3% more than in 2021.

For its part, the company’s revenues totaled $3,189 million (€2,939 million) for the year as a whole, 6.9% more, including $1,794 million (€1,653 million) generated by Tinder.

However, Match Group’s cost in the year was $2,673.8 million (2,464 million euro), 25.5% more.

Between October and December, The company generated a net attributable profit of $84.5 million (78 million euros) revenues were 786 million dollars (724 million euros), down 2.5% compared to a loss of $168.6 million (155 million euros) in the same period in 2021.

Looking at the first quarter of 2023, Match Group expressed confidence in achieving a revenue range of between $790 and $800 million (728 and 737 million euros) with adjusted operating profits of $250 to $255 million (230 and 235 million). euro).

Match Group Stock fell 9% after the company’s forecasts fell below market consensus expectations.

Source: Informacion

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