Dating app company Bumble Inc. (BMBL) announced on Wednesday that it will lay off approximately 240 employees, representing around 30% of its global workforce. The workforce reduction is part of a broader restructuring plan aimed at streamlining operations and reinvesting in key growth areas. Following the announcement, Bumble shares rose in Wednesday morning trading.
The company said it expects to incur non-recurring charges of $13 million to $18 million, primarily in the third and fourth quarters of 2025, to cover severance, benefits, and related costs. Despite the short-term expenses, Bumble anticipates generating annual cost savings of around $40 million, which it plans to redirect into product innovation and technology development.
In a sign of improving business performance, Bumble also raised its second-quarter revenue forecast to between $244 million and $249 million, up from its previous guidance of $235 million to $243 million.
The layoffs and revised forecast signal Bumble’s intent to focus on long-term strategic growth, even as it undergoes significant organizational changes.
