Bumble to Cut 30% of Workforce Amid Restructuring and Financial Losses

The dating app company aims for a leaner operation and app relaunch following a $32 million loss in Q4 2023.

Bumble announces layoffs of 350 employees, about 30% of its workforce, as part of a restructuring plan.
The layoffs come after Bumble reported a $32 million loss for Q4 2023, with revenue falling short of Wall Street expectations.
CEO Lidiane Jones emphasizes the need for a leaner, more agile company to meet future strategic priorities and innovation.
Bumble plans to relaunch its app and revamp its Premium Plus subscription to attract newer generations and improve user experience.
The company faces stiff competition from Match Group and a slowdown in user spending amid an uncertain economy.