Match Readies Headcount and Cost Cuts as Sales Set to Disappoint
- Jobs, office space and marketing targeted for spending cuts
- Headcount cuts already done in US, ongoing in other countries
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Match Group Inc. will reduce its global workforce 8% after the dating-app company provided first-quarter revenue guidance that fell short of analysts’ estimates and looks to cut costs.
The job cuts have already been made in the US, and are ongoing in other countries, Chief Financial Officer Gary Swidler said on a call Wednesday. Shares of Match declined 5.1% as of 10:20 a.m. in New York.