(Reuters) -Match Group on Thursday posted a 5% fall in paying users for the first quarter, sending its shares down 7% as investors concerned about the Tinder owner's business revamp looked past its estimate-beating results.
The dating app operator also announced plans to slash 13% of its workforce to cut costs - its first big move since new CEO Spencer Rascoff took the helm in February with a focus on tackling a slowdown in user engagement.
