Faye Iosotaluno announced her resignation as CEO of Tinder, effective July, after a brief tenure of under a year. In her LinkedIn post, she expressed pride in her team and shared her intention to pursue personal goals, particularly in empowering women leaders. Spencer Rascoff, CEO of Match Group, will temporarily lead Tinder during this transition. Meanwhile, Match Group's strategy to enhance Tinder's growth includes a recent 13% workforce reduction, aimed at optimizing decision-making and addressing challenges within the app's market performance.
Faye Iosotaluno will step down as CEO of Tinder in July after less than a year, focusing on personal ambitions, including supporting women leaders.
Match Group plans to boost Tinder's growth and has recently implemented a 13% staff reduction, with significant layoffs at Tinder.
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