In its first-quarter financial report, Match Group announced that the recovery process for the Tinder app has begun. However, the company's CFO, Steven Bailey, highlighted another important aspect: the company is slowing down new hiring to offset the costs of AI tools. This is reported by Techcrunch.com reports .
Steven Bailey emphasized his intention to transform the company into a fully "AI-native" organization. To this end, every employee is being provided with access to cutting-edge technologies and relevant training. However, the high cost of these tools has forced the company to make changes to its personnel policy.
Company management expects the slowdown in hiring and the increase in software costs to balance each other out. Match Group hopes that AI will increase employee productivity and contribute to revenue growth in the future.
The Tinder app has faced challenges in recent years due to a decline in user numbers. The slowdown in the decline of active users and a slight increase in registrations this quarter are seen as positive signals, but only time will tell if these changes are sustainable or temporary.
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