Dating app bumble announced On Wednesday that it yields 30% of its workforce, affecting about 240 positions. The company stated in titles that archive that cuts are part of its plans to redefine its “functional structure to optimize the execution of its strategies”.
Bumble expects to save $ 40 million a year as a result of the reduction of the workforce and plans to reinvest more of this money in the development of products and technology.
The company said it would charge about $ 13 million to $ 18 million non -consequence, mainly related to departure, benefits and related expenses for employees affected in the third and fourth quarters of 2025.
Bumble shares rise to about 20% after work cuts.
The last round of layoffs of the company returned in February 2024, when it cut 30% of its workforce, affecting about 350 employees.
In addition to announcing the reduction of the workforce, Bumble shared that it is increasing the prediction of the second quarter revenue of $ 244 million to $ 249 million, from the previous projected range of $ 235 million to $ 243 million.
The cuts are coming as Bumble announced at the beginning of the year that Whitney Wolfe Herd returned as CEO in March after leaving his post in 2023.
As Bumble last month reported weak first -quarter profits that fell 7.7% on an annual basisSaid HERD in an interview with The New York Times This “bumble needs me back, it is an extension of me to some extent, and seeing that it falls from its top was very tough.”
Match, which holds competitive applications such as Tinder and Hinge, also struggles to attract and preserve users, especially young people. The race announced in May that it dismisses 13% of its staff to reduce costs and rationalize its organizational structure.
Correction: This post was informed to reflect that Bumble’s last round of layoffs was in February 2024, not in January 2024.
