Match Group, the parent company of Match.com, Tinder, Hinge, and other popular dating apps, is eliminating approximately 13 per cent of its workforce as part of a restructuring.
“We are breaking down business silos, improving company-wide communication and collaboration, and unleashing efficiencies and innovation,” CEO Spencer Rascoff said in the company’s Q1 2025 earnings release.
“This is a critical first step toward improving user outcomes, which over time drives user growth, revenue expansion, and long-term shareholder value.”
Rascoff expects the cost cuts and reorganization to save Match Group around $45 million in 2025.
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It remains unclear if Canadian employees at Match Group will be let go.
According to LinkedIn, the company has more than a dozen workers in the country.
If you’re fired or let go from Match Group, understanding your legal rights is crucial.
Non-unionized employees in Canada are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
WATCH: Employment lawyer Lior Samfiru delves into severance...
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