Match Group announced that it will eliminate the chief operating officer position, with Hesam Hosseini’s departure effective June 2 2026. The move is part of a broader restructuring that also saw former President Gary Swidler step down from the presidency on April 1 2025 and transition to an advisory role until July 4 2025; as of March 3 2026 he is listed as President & Chief Financial Officer.
The company’s restructuring plan targets $100 million in annualized savings, a goal that follows a $45 million in‑year savings announcement for 2025. The plan includes a 13% workforce reduction—about 325 employees—across the organization, a move designed to streamline operations and reduce overhead while preserving core capabilities.
Financially, Match Group’s Q1 2024 revenue of $859.65 million was up 9% year‑over‑year, but total payers fell 6%, signaling a decline in paid‑user growth. In Q4 2023 revenue was $866.23 million, up 10% YoY, with a 5% drop in payers. Segment data show Tinder’s direct revenue down 7% YoY, while Hinge’s revenue grew 23% YoY, illustrating divergent performance within the portfolio.
The restructuring is driven by a need to address headwinds in paid‑user growth and to reallocate resources toward higher‑margin, high‑growth brands. By eliminating the COO layer, Match Group aims to centralize key functions, improve operational leverage, and free capital for AI‑driven product innovation that can enhance user engagement and monetization.
CEO Spencer Rascoff emphasized that the cost‑saving initiative will centralize functions across the company and that the 13% workforce reduction is a critical component of the $100 million annual savings target. The plan reflects a strategic shift toward leaner operations and a focus on core brands that can deliver sustainable growth.
The announcement signals Match Group’s intent to tighten its management structure, reduce overhead, and strengthen its financial position while it continues to invest in AI and product innovation. The move is expected to improve profitability and provide the flexibility needed to navigate a competitive online‑dating landscape.
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