Connect with us

News

Tinder owner Match Group is slowing hiring to pay for its increased use of AI tools

info

Published

on

Tinder icon ios.jpg

You might think the big story out of Match Group’s first-quarter earnings is Tinder’s turnaround. The dating app’s revenue is slightly up again after quarter-after-quarter of declines.

But we’d like to point to a comment the chief financial officer made about how the company is slowing its hiring right now because it needs more money to pay for AI tools for its employees.

Ah, yes, the good ol’ “let’s blame AI” strategy!

While speaking to analysts on the first-quarter earnings call, Match Group CFO Steven Bailey talked about how the dating app giant was investing in AI technology for internal use at the company — as well as how Match was paying for it.

“We’re making a big push around AI enablement. We’re giving every employee in the company access to all the cutting-edge tools. We’re giving them the training they need to succeed. We’re setting expectations. We really want to become an AI-native company,” Bailey said.

“We think it’s a huge opportunity. But these tools cost a lot of money, as I’m sure you know, and so the way we’re helping to pay for that is by slowing our hiring plans for the rest of the year,” he added.

The company assured investors that the impact would be cost-neutral, as the slowed hiring and lower headcount would make up for the increased software expenses. Plus, Match Group is betting that the increased productivity from employees’ use of AI will ultimately increase revenue growth, the number-cruncher explained.

While on the surface, this looks like another example of AI taking people’s jobs — in this case, forcing a company to lower its number of open positions — there’s likely more nuance to this story.

Let’s keep in mind that Match Group’s flagship app, Tinder, has been struggling in recent years. This quarter may be the start of a turnaround, as monthly active users declined by 7% in March compared with the far-steeper 10% drop a year ago. Tinder registrations also grew for the first time since 2024, but by a mere 1%, as Bloomberg pointed out.

This is perhaps a positive sign for Tinder. Or it might be a brief blip driven by users’ curiosity around various product improvements and new features, like IRL events. Time will tell.

Dating meets a generational shift

Match Group remains a company that has to work to squeeze more money out of an oft-dwindling, less active user base — which, to the company’s credit, it did exactly that. Match’s revenue was $864 million in the first quarter, up 4% year-over-year. However, its next-quarter estimates are coming in lower — around $850-$860 million, down 2% to flat year-over-year.

All these struggles come after many months of what appears to be a growing disinterest in the use of dating apps by younger people. This generational shift sees people opting to meet up in real-life, perhaps by pursuing an interest, like running, book clubs, or a hobby that connects them with other people, which then, in turn, expands their network, increasing their chance of meeting someone new.

The trend coincides with a resurgence of nostalgic tech, like digital cameras, flip phones, boomboxes, and even landlines, signaling a generation that’s feeling burned out by always-on connectivity and looking for analog pleasures.

Match Group is aware of this significant shift and says it’s pivoting to address the challenge by increasing the number of its own IRL events.

“Gen Z desperately wants to connect. They know they want to meet new people. They just want to do it in a low-pressure, low-stakes way that doesn’t feel like a job interview,” Match’s CFO Rascoff told investors on the call. “Traditional dating apps are very highly structured and can be intimidating to a user under 30. So, I think the growth of these alternative ways to meet new people speaks to how Gen Z is trying to find lower-pressure ways to connect.”

“We’ve obviously adapted our roadmap to this reality,” he said.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Health

Health leaders to tackle Nigeria’s policy implementation gap at October conference

info

Published

on

By

6D15F4B0 B059 4C73 8725 95027047A03F e1788886927706.png

MTN ADVERT

Health policymakers, legislators, healthcare professionals and other stakeholders are expected to meet in Abuja in October to discuss how Nigeria can bridge the gap between health policies and their implementation.

The stakeholders will meet at the 2026 National Health Equity Conference scheduled for 13 to 15 October at the Nigeria National Merit Award House, Maitama, Abuja.

The conference, organised by OneBarrow International Limited, will focus on the theme, “From Policy to Impact: Care Coordination as the Core Engine of Health Equity.”

According to the organisers, the meeting will examine how stronger coordination across different levels of the healthcare system can improve access to care, quality of services and continuity of treatment.

The conference is expected to bring together policymakers, legislators, healthcare regulators, development partners, professional bodies, healthcare practitioners, civil society organisations, patient and community groups, academics and private sector representatives.

PT WHATSAPP CHANNEL

The Minister of Health and Social Welfare, Muhammad Pate, is listed as the Chief Host, while the Chairman of the House Committee on Health Services, Amos Magaji, and the Minister of Education, Tunji Alausa, are expected to attend as Special Guests of Honour.

Policy implementation

The Chief Executive Officer of OneBarrow International Limited, Yemi Ajao, said the conference would focus on how existing health policies and frameworks could be translated into action.

“​​Nigeria has developed important health policies and frameworks, but the real test is what happens when those policies reach the people and communities they are designed to serve,” Mr Ajao said.

He said the conference would examine implementation across the federal, state and local government levels, as well as collaboration among healthcare professionals.

According to him, better coordination among doctors, nurses, pharmacists, laboratory scientists, health administrators and other professionals could help reduce fragmentation in healthcare delivery.

“Every healthcare cadre has a unique and complementary role to play. The patient experiences the health system as one system, regardless of how many professionals or institutions are involved in their care,” he said.

He added that stronger referral systems, communication and accountability would be important to improving coordination within the health system.

Health equity

The organisers said health equity would be another major focus of the conference, particularly the effect of poor coordination on people who face barriers to accessing healthcare.

The meeting will also consider the role of technology, data and citizen participation in improving accountability in healthcare.

Issues expected to be discussed include digital feedback mechanisms, transparency, access to health information and awareness of patients’ rights.

Mr Ajao said citizens should have channels through which they can provide feedback on healthcare services and participate in discussions about the quality of care.

READ ALSO: PT Health Watch: Common cancer risk factors that should not be ignored

“Citizens must understand their rights, have meaningful channels to provide feedback and be empowered to participate in conversations about the quality of care they receive,” he said.

Expected outcome

The organisers said the conference would produce a post conference communiqué and an implementation roadmap containing recommendations and commitments from participants.

They said the roadmap would be used to support policy implementation, track commitments and strengthen collaboration among stakeholders.

The organisers said the meeting would seek to move discussions beyond identifying problems to developing practical actions that can be implemented across Nigeria’s healthcare system.


Discover more from Premium Times Nigeria

Subscribe to get the latest posts sent to your email.

Continue Reading

News

NDC reacts to attack on Peter Obi’s convoy in Benue

info

Published

on

By

Nigeria Democratic Party NDC.jpg

The Nigeria Democratic Congress, NDC, has condemned the alleged attack and obstruction of its presidential candidate, Peter Obi, during his visit to Benue State.

The party, in a statement signed by its National Publicity Secretary, Osa Director, said Obi’s convoy was allegedly blocked by suspected thugs who prevented him from gaining access to Yelwata community, where more than 270 people were reportedly killed.

According to the NDC, the group was allegedly led by an aide to the Benue State Governor, Rev. Fr. Hyacinth Alia, and was armed with dangerous weapons.

The statement reads “According to reports, the group was allegedly led by an aide to the Benue State Governor, Rev. Fr.

Recommended

Hyacinth Alia. Armed with dangerous weapons, they blocked Mr Obi’s convoy and prevented him from gaining entry into Yelwata community, where over 270 people were reportedly massacred.

“In his own words, Mr. Obi stated: “I arrived in Benue this morning at about 9 a.m. with the intention of visiting the victims and families affected by the horrific killings in Yelwata. Unfortunately, we were stopped from proceeding to the community by thugs chanting, ‘Peter Obi, go back.’

“The NDC finds it deeply troubling and condemnable that a visit intended solely to mourn with grieving families, offer solidarity, and listen to victims about how to prevent future tragedies was obstructed in this manner.

“Mr. Obi further stated: “I came to Benue not for politics but to mourn with our people, to listen to families who have lost loved ones, and to offer our solidarity during a moment of unimaginable pain. At a time when our nation should be united in grief and committed to preventing further loss of life, we must avoid actions that deepen divisions.”

“The NDC believes that Benue and all Nigerians deserve to live, sleep peacefully, travel safely, and farm their lands without fear. Above all, they deserve a government that priorities the protection of human life above every other consideration.

“Although access to the community was denied today, the hearts and prayers of the NDC and our presidential candidate remain with the victims, their families, and the entire Yelwata community.

“We will not be deterred. The NDC will persist until we restore the fundamental responsibility of government: the protection of every Nigerian’s life.

“We call on the Benue State Government and relevant security agencies to immediately investigate this incident, bring the perpetrators to justice, and guarantee the safety of all citizens and leaders who seek to show solidarity in times of grief.”

Continue Reading

Trending