Dating app company Bumble is 30% of employees, or about three employees.
One in US Securities and Exchange Commission filed Earlier this week, Bumble revealed that he was lowering his global workforce with about 240 roles in the latter half of the year.
The company is expected to spend $ 13 million to $ 18 million on dissection payments and benefits for affected employees. However, the pruning results in the result of up to $ 40 million in annual cost savings, claiming the company. According to the filing, the bumbled intends to re -establish “adequate majority of these savings” in initiatives such as “product and technology development”.
Last time was a round of bumble January 2024When the company reduced its workforce about 30%, or 350 employees.
Connected: Routine of Bumble Founder Whitney Wolf Hurd: Wake-up at 5 am and dial to meet your son in school
Bumble shares were More than 20% After the news of work deduction.
In addition, in filing, Bumble increased its revenue forecast for the current quarter. The dating app company updated its second quarter revenue forecast from $ 244 million to $ 249 million, above $ 235 million to $ 243 million over the previous prediction.
Sprinkle arrives at Bamble’s founder Whitney Wolf Hurd after Hurd Returned To the company as CEO. Wolf Hurd Established In 2014, the app and from January 2020 to January 2024 served as CEO. Lidion Jones, who were Before The CEO of the Workplace Messaging App Slack took over from January 2024 to March 2025 as the CEO of Bumble, before “Personal reasons“Wolf Hurd stepped back, re -incorporating the company as CEO in March.
Wolf Hurd said in an interview last month, “Bumble needs me back the new York Times“It has become very difficult to see it falling from its peak.”
Connected: East the youngest self-made billionaire surprisingly surprised the employees with the whole week
In 2021, the bumbled became public. It has fallen from the market value $ 7.7 billion In the beginning of 2021 $ 661 million At the time of writing. Low user retention and low -paying users have declined revenue, which has led to a decline in the app, copy Commercial insider,
Bumble CEO Whitney Wolf Hurd. Photographer: David Paul Morris/Bloomberg via Getty Image
Last month, Bumble released it The most recent earning report For the first quarter of the year. The report was disappointing: the total revenue declined by 7.7% year-over year to $ 247 million, with the Bumble App Revenue fell by 6.5% to $ 202 million, and declined by 1% to 2.7 million users to the users paying the Bumble app.
Wolf Hurd assured investors in this report that Bumble is on a quick path to return to “sustainable, long -term development” with “more quality and relevant matches” for users.
“Our path is clear further,” Wolf Hurd said in the report.
Dating app company Bumble is 30% of employees, or about three employees.
One in US Securities and Exchange Commission filed Earlier this week, Bumble revealed that he was lowering his global workforce with about 240 roles in the latter half of the year.
The company is expected to spend $ 13 million to $ 18 million on dissection payments and benefits for affected employees. However, the pruning results in the result of up to $ 40 million in annual cost savings, claiming the company. According to the filing, the bumbled intends to re -establish “adequate majority of these savings” in initiatives such as “product and technology development”.
The rest of this article is closed.
Join the entrepreneur, To reach today.
