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Major layoffs at Bumble dating app as co-founder says online dating business is at ‘inflection point’ - Savings to be reinvested in product and tech development, with founder having spoken ...
Bumble, the beleaguered dating app who’s stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce.
Dating app company Bumble announced Wednesday it was laying off 30% of its staff, amounting to about 240 of its 800 employees around the world. The Austin-based company said it would reinvest the ...
Bumble’s shares are up around 20% following the news of the job cuts. The company’s last round of layoffs was back in February 2024, when it cut 30% its workforce, impacting around 350 employees.
PHILADELPHIA (AP) — Online dating platform Bumble plans to lay off about 240 employees, or roughly 30% of its global workforce. In a securities filing, Bumble disclosed that its board approved ...
Bumble shares rose 19% on the news, but their market value has shrunk by about a fifth this year to a little over $500 million. Its peak was around $15 billion, when the company went public in ...
Bumble will lay off roughly 30% of its workforce, or 240 employees, according to a regulatory filing filed by the online dating company on Wednesday. The jobs cuts come as the company moves to ...
Bumble’s earnings are split by paying users, a focus for former CEO Lidiane Jones. While the company grew its paying app users by 11% in 2024, it has since shed 100,000 of those subscribers in 2025.
“But intentional rebuilding requires hard decisions.” Bumble’s workforce reduction will affect 240 positions, reducing the company’s head count by 30%.
Bumble reported a more than 7% fall in first-quarter revenue on Wednesday, but met Wall Street estimates, soothing some investor worries over stiff competition as it revamps its dating apps and ...