Dating app Bumble cuts ties with 350 employees (more than 1/3 of workforce)

[Jobhunter]

 

Bumble, the popular dating app, has announced a significant reduction in its workforce. The company plans to lay off approximately 350 employees, which constitutes about 37% of its total workforce. This decision is part of a larger restructuring plan aimed at aligning the company’s operating model with its future strategic priorities.

 

The layoffs come in the wake of a disappointing first-quarter revenue and a slowdown in user spending. 

 

Bumble CEO Lidiane Jones has stated that this decisive action is intended to accelerate the company’s product roadmap. She believes that these changes will strengthen the company’s foundational capabilities and enable it to continue delivering new and engaging user experiences.

 

This move by Bumble is reflective of a larger trend in the tech industry, where companies are being pushed towards efficiency. 

 

As we ponder over these developments, one can’t help but wonder: How will these layoffs impact Bumble’s ability to innovate and stay competitive in the ever-evolving online dating market? What are your thoughts on this? Share your views in the comments below.

 

 

Read more:

• https://www.cnbc.com/2024/02/27/bumble-layoffs-350-employees-or-about-37percent-of-workforce.html
• https://www.ndtv.com/world-news/dating-platform-bumble-to-lay-off-350-employees-after-32-million-loss-5141494
• https://www.aol.com/news/bumble-cut-350-roles-forecasts-211727060.html

 

Top image:  Valerio Rosati | Dreamstime.com