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Match Group Inc on Wednesday added to a growing list of U.S. companies that are cutting jobs to reduce expenses.
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After the company announced plans to eliminate around 8 percent of its employees, approximately 200 employees.
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The company released a sluggish revenue forecast for the quarter a day earlier, which it blamed on the weak economy.
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The dollar is strong, and Tinder has "significant" inadequate product execution by Tinder.
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The delays to its products have also impacted the Hinge application when competition increases from its rival, Bumble Inc.
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The cuts focused on hiring, according to the company via email.