What appeared on the horizon for quite some time, has come into existence. In a major announcement, Tinder CEO Faye Iosotaluno has decided to step down from the role in July 2025. The CEO made the annoucement on the Linkedin platform. This comes at a time when the parent company, Match group is dealing with declining revenue of many of its dating apps including Tinder.

Was Faye Iosotaluno Forced to Step Aside?

The new CEO of Match group Spencer Rascoff came onboard in Feb 2025 and had clearly said that there will cut off in the workforce; 13% to be precise.

It has only been a month that the CTO Will Wu announced that he would be leaving the company in May 2025. And now the news of Faye Iosotaluno stepping down only raises curiosity as to whether the CEO voluntarily stepped down or was forced to take a decision in order to align with the objectives of restructurng workforce laid out by the new CEO.

Rascoff who will lead as the CEO for now thanked Faye for her contributions and acknowledged that the decision was taken quite some time ago to ensure smooth transition.

After Faye’s announcement, shares of the match group saw a small spike of 0.8% at approximately 3:00 p.m. ET.

There are rumors that the investors weren’t happy with Faye’s opinion in Dec 2024 where she said that profitability of the Tinder is unlikely to be achieved by 2027. It is to be noted that Elliot Management bought a majority take in the Match group for a whooping $1 billion in March 2024.

Whats next for Faye Iosotaluno?

Faye in her linkedin post, mentioned that she is looking to get involved in the tech space which is “deeply personal”. Faye had been with the match group and Tinder for nearly 8 years.