Overview
- The company is eliminating about 240 positions, equal to 30% of its global staff.
- It expects the layoffs to deliver roughly $40 million in annual cost savings, most of which will be reinvested into product upgrades and artificial intelligence initiatives.
- Bumble raised its second-quarter revenue guidance to $244 million–$249 million, up from a prior range of $235 million–$243 million.
- Non-recurring charges related to the workforce reduction are expected to total $13 million–$18 million in the third and fourth quarters of 2025.
- Founder Whitney Wolfe Herd, who resumed the CEO role in March, is driving the restructuring as user engagement and market value continue to decline since the company’s 2021 IPO.