Bumble Layoffs: 30% of Workforce to Be Cut

Bumble Announces Workforce Reduction

Bumble, the dating application, revealed on Wednesday a significant restructuring involving a 30% reduction in its workforce. This decision will affect approximately 240 employees across the organization.

According to a recent securities filing, these cuts are being implemented to better align the company’s operational structure with its key strategic objectives and to improve overall execution.

Financial Implications of the Restructuring

The company projects annual savings of $40 million as a direct result of this workforce reduction. A substantial portion of these savings will be channeled back into the advancement of its product offerings and technological infrastructure.

Bumble anticipates incurring nonrecurring expenses ranging from $13 million to $18 million. These charges are primarily associated with severance packages, employee benefits continuation, and related costs during the third and fourth quarters of 2025.

Market Reaction and Revenue Forecast

Following the announcement of these job cuts, Bumble’s stock price experienced an increase of approximately 20%.

Furthermore, the company has revised its second-quarter revenue forecast upward, now projecting a range of $244 million to $249 million. This represents an increase from the previously estimated range of $235 million to $243 million.

Recent Leadership Changes and Previous Layoffs

This latest development follows the return of founder Whitney Wolfe Herd to the role of CEO in March. She had previously stepped down from the position in 2023.

Bumble had previously implemented layoffs in February 2024, impacting around 350 employees, representing another 30% of its workforce at that time.

Performance and Industry Context

The decision to reduce staff comes after Bumble reported weaker-than-expected first-quarter earnings, experiencing a 7.7% decline year-over-year. Ms. Herd expressed a need for her direct involvement in revitalizing the company’s performance.

Match Group, the parent company of competing dating apps such as Tinder and Hinge, has also faced challenges in user acquisition and retention, particularly among younger demographics. Match announced a 13% staff reduction in May as part of its own cost-cutting and streamlining efforts.

Note: A correction has been made to clarify that Bumble’s prior round of layoffs occurred in February 2024.