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Match Will Reduce Global Workforce by 8% as Sales Miss Estimates
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, chief financial officer Gary Swidler said on a call Wednesday.
www.bloomberg.com
Sales miss estimates. Perhaps men are seeing that swipe apps are destined to fail for most of them.
Match Group owns Tinder, Hinge, Match, Plenty of Fish, and OkCupid.
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