Particle.news

Download on the App Store

Bumble Cuts 30% of Workforce and Boosts Revenue Outlook

Whitney Wolfe Herd plans to reinvest $40 million in annual savings to fund product upgrades, technology development.

Shares of Bumble jumped 23% after markets opened in New York.
FILE - The dating app Bumble on a smart phone, June 26, 2024, in New York. (AP Photo/Peter Morgan, File)

Overview

  • Bumble will eliminate about 240 roles, reducing its global headcount by roughly 30% to realign its operating structure.
  • The restructuring is expected to generate $40 million in annual cost savings while incurring $13 million to $18 million of one-time charges in the third and fourth quarters of 2025.
  • The company raised its second-quarter revenue forecast to $244 million–$249 million and its adjusted EBITDA outlook to $88 million–$93 million.
  • Founder Whitney Wolfe Herd returned as CEO in March and is leading efforts to reverse declines in user engagement on the platform.
  • In May, rival Match Group reduced its workforce by 13%, underscoring cost pressures across dating apps.