Faye Iosotaluno, CEO of Tinder, announced her resignation effective July, after serving less than a year in the role and nearly eight years at the company. In a LinkedIn post, Iosotaluno expressed pride in her team and hinted at future ambitions focused on supporting women leaders, founders, and investors. Match Group CEO Spencer Rascoff will temporarily lead Tinder, emphasizing a smooth transition and continued momentum.
Match Group is seeking strategies to enhance Tinder's growth, as reported by Bloomberg. Recently, the company implemented a 13% staff reduction to cut costs and streamline operations, with significant layoffs at Tinder.
Key takeaways:
Faye Iosotaluno, CEO of Tinder, will step down from her role in July after serving less than a year.
Iosotaluno expressed her desire to support and build alongside the next generation of women leaders, founders, and investors.
Match Group CEO Spencer Rascoff will step in to lead the Tinder team following Iosotaluno's departure.
Match Group announced a 13% reduction in staff, with significant cuts at Tinder, to cut costs and streamline decision-making.
