Dating app company Bumble is laying off 30% of staff, or nearly one in three employees.<\/p>\n
In a U.S. Securities and Exchange Commission filing<\/a> submitted earlier this week, Bumble disclosed that it was reducing its global workforce by approximately 240 roles in the latter half of the year.<\/p>\n The company expects to spend $13 million to $18 million on severance payments and benefits for impacted employees. However, the layoffs will result in up to $40 million in annual cost savings, the company claims. According to the filing, Bumble intends to reinvest “the substantial majority of these savings” in initiatives like “product and technology development.”<\/p>\n The last time Bumble had a round of layoffs was in January 2024<\/a>, when the company reduced its workforce by around 30%, or 350 employees at the time.<\/p>\n Related: <\/b>Bumble Founder Whitney Wolfe Herd’s Daily Routine: 5 A.M. Wake-Ups and Dialing Into Meetings After Dropping Her Son Off at School<\/a><\/p>\n Bumble shares were up over 20% <\/a>following the news of workforce reductions.<\/p>\n Also in the filing, Bumble increased its revenue forecast for the current quarter. The dating app company updated its second-quarter revenue forecast to a range of $244 million to $249 million, up from the previous prediction of $235 million to $243 million.<\/p>\n The layoffs arrive months after Bumble founder Whitney Wolfe Herd returned<\/a> to the company as CEO. Wolfe Herd founded<\/a> the app in 2014 and served as CEO from January 2020 to January 2024. Lidiane Jones, who was previously<\/a> the CEO of workplace messaging app Slack, took over as CEO of Bumble from January 2024 to March 2025 before stepping down for “personal reasons<\/a>.” Wolfe Herd stepped back in, rejoining the company as CEO in March.<\/p>\n “Bumble needs me back,” Wolfe Herd said in an interview last month with The New York Times<\/i><\/a>. “Watching it fall from its peak has been very hard.”<\/p>\n Related:<\/b> Former Youngest Self-Made Billionaire Surprises Employees With Full Week Off<\/a><\/p>\n Bumble went public in 2021. Its market value has plummeted from $7.7 billion<\/a> in early 2021 to about $661 million<\/a> at the time of writing. Low user retention and fewer paying users have led to decreased revenue, causing the app to decline, per Business Insider<\/i><\/a>.<\/p>\n![\"\"](\"https:\/\/assets.entrepreneur.com\/images\/misc\/1750870799_Whitney-Wolfe-Herd-GettyImages-2151637974.jpg?width=1000\")
Bumble CEO Whitney Wolfe Herd. Photographer: David Paul Morris\/Bloomberg via Getty Images<\/i><\/sup><\/p>\n