The tin to lay off 30 % of its workforce

Popular application dating Declare On Wednesday it is preparing 30 % of the workforce, affecting about 240 jobs. The company said in a file of securities that the cuts are part of its plans to reorganize its “operating structure to improve implementation on its strategic priorities.”

Bumble expects to save $ 40 million annually as a result of reducing the workforce and plans to invest in most of these funds in developing products and technology.

The company said that it will bear nearly $ 13 million to $ 18 million of uncomfortable fees, and is mainly related to cutting benefits, benefits and costs associated with employees affected in the third and fourth quarters of 2025.

Bumble shares rose about 20 % after the news of the jobs.

The last round of the company’s layoff returned in February 2024, when it was cut off 30 % of the workforceThis affects about 350 employees.

In addition to announcing the reduction of the workforce, Bumble has shared that it increases its revenue expectations in the second quarter to a range between 244 million dollars to 249 million dollars, up from $ 235 million to 243 million dollars.

Discounts come as a tone Declare At the beginning of the year whose founder, Whitney Wolf Hurd, returned as an executive head in March, then Stem From the situation in 2023.

Last month, Al -Taoum also reported profits in the first quarter of 7.7 % on an annual basisThe herd said In an interview with New York Times “Bumble needs me to return. It is a somewhat extension for me, and watching it falls from its peak was very difficult.”

Match, which has competing applications such as Tinder and Hinge, is also struggling to attract and keep users, especially young. match Declare In May, it was putting 13 % of its employees to reduce costs and simplify its organizational structure.

Correction: This post was updated to reflect that the last round of workers’ demobilization was in February 2024, not January 2024.