Bumble Begins Big Layoffs Amid Strategic Shift
Popular dating app Bumble is set to lay off 30% of its global workforce, affecting nearly 240 employees, as part of a new strategic direction. The development was confirmed by the company, according to a report by Reuters.
The company stated that it aims to “transition into a more agile, startup-like structure” focused on enhancing user experience. Earlier this year, founder Whitney Wolfe Herd returned to her role as CEO, placing renewed emphasis on “quality matchmaking.”
Bumble has raised its second-quarter revenue forecast to between $244 million and $249 million. While the upcoming layoffs are expected to cost the company between $13 million and $18 million in the third and fourth quarters of 2025, the restructuring is projected to generate annual savings of approximately $40 million. These funds will be reinvested in technology and product development.
Following the announcement, Bumble’s share price surged by 19%. However, the company’s current market valuation has dropped to around $500 million, a significant decline from its $15 billion peak in 2021.
