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.

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 ...

Dating app company Bumble Inc. disclosed on Wednesday that it will trim its headcount by 30%, meaning roughly 240 people will lose their jobs.

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 has struggled on the market since going public in 2021. While shares popped up on Wednesday, its stock is still down more than 35% over the last year — and nearly 92% since its February ...

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 ...

“But intentional rebuilding requires hard decisions.” Bumble’s workforce reduction will affect 240 positions, reducing the company’s head count by 30%.

Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles ...

Revenue Challenges: Bumble's revenue growth over 3 months faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -4.38%.