Bumble layoffs continue as dating app announces 30% job cuts globally

Dating app giant Bumble has announced that it will lay off approximately 240 employees, representing 30% of its global workforce. Despite the significant staff reduction, shares of the company surged by 16% in premarket trading following the news, reports said.According to news agency Reuters, the company anticipates incurring non-recurring charges between $13 million and $18 million for employee severance, benefits, and related expenses, primarily in the third and fourth quarters of 2025.Bumble expects these layoffs to result in annual cost savings of around $40 million, which it plans to reinvest into key areas like product and technology development.Bumble also raised its second-quarter revenue forecast to a range of $244 million to $249 million, an increase from its previous outlook of $235 million to $243 million.A Bumble spokesperson said that the layoffs were “not made lightly.”“Our focus now is on moving forward in a way that strengthens our core business, continues to serve our members effectively, and positions us for future growth,” the spokesperson said, according to CNBC.Bumble’s job cuts are part of a reconfiguration of its “operating structure to optimise execution on its strategic priorities.”This latest job cuts follows a previous significant reduction in February of last year (2024), when the company laid off around 350 employees, representing 37% of its workforce. The 2024 layoffs followed a disappointing first-quarter revenue and a challenging economic environment characterised by a slowdown in user spending. At the time, Bumble stated its intention to “reduce its global workforce by approximately 350 roles to better align its operating model with future strategic priorities and to drive stronger operating leverage.”Bumble joins a growing list of tech giants, including Microsoft, Amazon, and Intel, that have cited various reasons for workforce reductions this year, contributing to a broader trend of significant shifts in the sector.