Dating app Bumble announced Wednesday that it will resolve 30% of its workforce and affect around 240 positions. In its securities application, the company said the cuts were part of a plan to reorganize “an operational structure to optimize execution with strategic priorities.”
Bumble expects to save $40 million a year as a result of the workforce cuts, and plans to reinvest most of this money in products and technology development.
The company said it would incur a non-repeated fee of approximately $13 million to $18 million, primarily related to employee retirements, benefits and related costs affected in the third and fourth quarters of 2025.
Bumble’s stock has risen about 20% following news of employment cuts.
The company’s final round layoffs returned in February 2024. At that time, it cut 30% of its workforce and affected around 350 employees.
In addition to announcing workforce cuts, Bumble shared that it has increased its second-quarter revenue forecast from $244 million to $249 million, ranging from $235 million to $243 million previously forecast.
The cut comes when it was announced early in the year that founder Whitney Wolf’s herd had returned as CEO in March after resigning from the position in 2023.
“Bumble needs to get me back on track. That’s an extension of my tone to that, and it’s very difficult to see it fall from its peak,” the flock said in an interview with the New York Times last month, as Bumble reported weak first quarter revenues, which fell 7.7% year-on-year.
Match, which owns rival apps such as Tinder and Hinge, has struggled to attract and retain users, especially young people. In May, it announced that it had fired 13% of its staff to cut costs and streamline its organizational structure.
Corrected: This post was updated to reflect that Bumble’s final round layoffs were February 2024 rather than January 2024.
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