Match Group COO out, as dating apps struggle to connect with Gen Z

Match Group is eliminating its COO role, ending Hesam Hosseini's tenure after 18 years with the company. The decision comes as CEO Spencer Rascoff has been directly managing operations. The move follows broader leadership changes and layoffs aimed at saving $100M annually. Match Group beat Q4 earnings estimates but issued a below-expectations revenue forecast for the year. The company is struggling to attract Gen Z users, with many opting out of dating apps in favor of real-world experiences. Tinder is planning its first-ever product event to showcase new features and AI integrations as it tries to revitalize its user base.