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Overview

• Match Group underwent restructuring in May 2025 where it saw 13% (or 325) employee cuts and reduction in the number of managers by 20% (Q1 2025 prepared remarks).
• The layoffs since to have mainly affected managers and not directors and other senior-level executives: Leadership team and other senior executives </aside>

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Investor Takeaway

• The core executive bench remains stable and composed largely of long-tenured veterans. However, critical roles at Tinder (CTO, Head of Product, Head of Design) have new hires, posing execution risk. Current employee reviews (not conclusive) also suggest that current morale and product vision at Tinder is low. </aside>

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Bullish arguments

• Spencer Rascoff’s 7 months tenure as CEO has not seen any significant turnover of senior executives.
• Most of Match Group’s chief officers, apart from the CEO, are long-time company veterans.
  • Leadership team and other senior executives </aside>

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Bearish Arguments

• Critical roles at Tinder such as CTO, head of product, and head of designed were recently filled. The new hires may not execute well. Similarly, Match Group currently has no CTO.
• Tinder current employee reviews (may not be conclusive given the low number of reviews) indicate that morale at Tinder is currently low following the May layoff and that product vision is currently low:
  • Recent Tinder employee reviews </aside>