Hinge

Tinder CEO Faye Iosotaluno announced in a post on LinkedIn that she will be leaving her role in July after two years as head of the app and eight years working for parent company Match Group.

This is the latest shakeup for Match Group, whose new CEO Spencer Rascoff recently announced that Tinder’s chief technology officer would also be leaving at the end of May, with no replacement named.

Match Group said it would be laying off 13 percent of its workforce in efforts to cut spending, the bulk of which would come from Tinder, according to The New York Post. Tinder has seen a decline in paying users over the last several quarters, and activist investors have been pushing for a turnaround. Hinge is the company’s bright spot, which is steadily growing despite the industry’s general decline.

Dating app giant Match Group is set to cut 13 percent of its staff, a reduction of about 325 employees from its most current count of 2,500. The company will also be closing all open positions.

This news comes after another disappointing first quarter. The company said in an earnings call that paid users fell more than 5 percent from a year ago, a trend that continues as more young daters look for ways to meet outside of dating apps. According to Fortune, the company’s new CEO Spencer Rascoff said that the staffing cuts will save Match Group about $100 million per year, and about $45 million in 2025 alone.

The trimming of staff will mostly focus on management according to Tech Crunch, with about one in five managers affected. The company wants to centralize key functions like technology and data services, customer care, and content moderation. It also wants to focus on media buying and international go-to-market functions to increase customer reach.

Dating app Hinge announced that it is adding a $1 million fund for in-person events and social group gatherings in New York, Los Angeles, and London.

According to CNBC, the money is to subsidize free or lower cost events to attract young people. The fund is part of their One More Hour social impact initiative which the company launched last year. Hinge says it recognizes Gen Z’s need for more tangible ways to connect than just over a dating app, and wants to create more spaces for them to get together.

The groups will focus on a range of activities that include food, nature, and reading, for example. The purpose of the groups is to highlight an interest to attract people and give them something to do while they are meeting other people, taking the pressure off.

Hinge has launched a new feature called Match Notes, which allows users to privately share details about themselves that they don’t want to post to their public profiles.

Match Notes instead allows users to share these details only with their potential matches, including important information like if they are non-monogamous, sober, have a disability, or are recently out, according to Mashable.

Now when a user updates their settings, they can add the Match Note, which appears only to users they match with. According to Mashable, If someone has added a Match note, another user must acknowledge it in order to actually match (or they can also choose to not match with the person). The Match Note is automatically shared when two people Like each other (or in other words, when they officially match).

An investigation into Match Group by nonprofit news organization The Markup and Pulitzer Center's AI Accountability Network found that the company had information about users who were reported for sexual assault, but did not ban them from its apps, publicly identify them, or report them to authorities.

This report follows the company’s ouster of CEO Bernard Kim, who was not able to turn around the company’s revenue decline over the past several quarters. He was replaced by Zillow Group Inc. co-founder Spencer Rascoff.

Now, Match Group is facing the fallout from this investigation.

Hinge just launched Prompt Feedback, a new feature to help users with profile building. The personalized, AI-driven coaching feature “guides daters to create more meaningful first impressions” according to the company’s website.

Prompt Feedback is Hinge’s first AI-powered coaching feature, and offers personalized advice to help daters improve the responses they give for Prompts. Hinge notes that writing Prompts can be difficult for its users. “On Hinge, 27% of all Prompts are just one word, and 60% of daters admit they struggle to know what to write," the company wrote in its release.

With Prompt Feedback, when a user writes a response to a prompt, they are given one of three pieces of feedback: “great answer,” “Try a small change,” or “go a little deeper.”