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Bumble jumps 25% as dating company plans to axe 30% of workforce

cnbc.com Samantha Subin 2025-08-28 14:00:45

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Bumble shares rallied 25% 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. The layoffs will result in $13 million to $18 million in cha

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Bumble jumps 23% as dating company plans to axe 30% of workforce

cnbc.com Samantha Subin 2025-08-28 18:49:30

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Bumble shares rallied 25% 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. The layoffs will result in $13 million to $18 million in cha

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Bumble is laying off 30 percent of its workforce

engadget.com Unknown 2025-08-29 06:53:50

The dating app company has reported declining revenues and has lost 90 percent of its valuation since its 2021 IPO. Bumble, the makers of the Bumble Dating App and Bumble For Friends, announced Wednesday that the company will be laying off 30 percent of its workforce, or roughly 240 employees. This comes as dating app companies struggle to perform in recent years. Bumble was once a company worth almost $8 billion, but finds itself worth about 90 percent less today. Founder Whitney Wolfe Herd h

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Bumble to lay off 30% of its workforce

techcrunch.com Aisha Malik 2025-08-29 14:17:09

Dating app Bumble announced on Wednesday that it’s laying off 30% of its workforce, impacting around 240 positions. The company said in a securities filing that the cuts are part of its plans to realign its “operating structure to optimize execution on its strategic priorities.” Bumble anticipates saving $40 million per year as a result of the workforce reduction and plans to reinvest most of this money into product and technology development. The company said it will incur approximately $13 m

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Bumble jumps 26% as dating company plans to axe 30% of workforce

cnbc.com Samantha Subin 2025-08-29 18:44:25

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Bumble shares rallied more than 26% Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles. The layoffs will result in $13 million to $18 million

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