Wed, 25 Jun 2025

Wed, 25 Jun 2025 Bumble to axe almost a third of staff as dating app struggles

The firm's founder became the world's youngest self-made female billionaire when it launched on the US stock market.

* The company's revenues grew less than 2% last year, despite 4.1 million paying users across its apps (up 11% year-on-year).
* The layoffs are aimed at helping Bumble "build a company that's resilient, intentional, and ready for the next decade".
* CEO Whitney Wolfe Herd attributed the move to pressures facing the company in the dating industry, which is experiencing an "inflection point".
* Despite job cuts, Bumble shares rose 20% after the announcement.
* The company's value has plummeted from over $13bn to under $7 per share since its stock exchange debut in 2021.
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