CFO DIVE – After a return-to-office mandate led to nearly half of its employees leaving, Grindr is planning to rebuild its team with a focus on hiring more experienced workers. CFO Vanna Krantz, who joined Grindr just before it went public, reported a reduction in headcount from about 200 to 111 employees. This staffing change resulted in $6.7M in severance costs in the Q3, although the company also saw a reduced net loss compared to the previous year. Krantz indicated that Grindr will increase its headcount gradually, expecting to use consultants and service providers in the interim, and is optimistic about hiring due to its public company status.
by Suman Bhattacharyya
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