Bumble announces major employee layoff
Bumble, the dating app known for letting women make the first move, is letting go of about 240 employees—roughly 30% of its global team.
The company says this shake-up is all about streamlining and investing in what's next, though it comes with a one-time cost of up to $18 million for severance.
Layoffs expected to save Bumble $40 million each year
These layoffs are expected to save Bumble $40 million each year, which they'll put into new features and tech upgrades.
Investors seem optimistic—the stock jumped nearly 12% after the news.
Bumble also nudged its Q2 revenue forecast higher, now expecting up to $249 million.
Last year, Bumble cut 350 jobs
Last year, Bumble cut 350 jobs (about 37% back then).
Despite all these changes, business is looking up: revenue grew over 25% in Q1 2025 and losses shrank from $20 million to $8 million.