ElitePartner Makes Cuts To Staff Numbers

German dating site ElitePartner has confirmed it will be letting go a number of its employees.

According to industry portal German Startups, the company has cut a total of 15 members of its staff, as a result of restructuring measures within the business.

ElitePartner, which was founded in 2004, previously employed 90 people, with the latest reductions taking its total staff number down to 75.

However, the site is not the only dating company to have recently laid-off some of its staff.

Last week, we reported that dating company Zoosk was also making cuts to its staff numbers, announcing its plans to drop one third of employees.

The California-based company’s CEO Kelly Steckelberg justified the cuts, saying it will “increase operating efficiencies and streamline responsibilities”.

A source close to the matter said Zoosk has been hit by the rise of apps like Tinder, something which could also be affecting EliteSingles in its European markets.

Last June, the site’s operator, German dating portal EliteMedianet GmbH, was bought by British private equity firm Oakley Capital for €22m, after generating revenues of €28m and EBITDA of €2.6m.

The London-based equity firm bought the portal from Munich-based Tomorrow Focus, a publicly traded Germany company which has sold a number of its digital media portals.