Bumble is laying off 30 percent of its workforce
Bumble, the makers of the Bumble Dating App and Bumble For Friends, announced Wednesday that the company will be laying off 30 percent of its workforce, or roughly 240 employees. This comes as dating app companies struggle to perform in recent years. Bumble was once a company worth almost $8 billion, but finds itself worth about 90 percent less today.<br /> Founder Whitney Wolfe Herd had briefly stepped down as CEO in early 2024 before returning as CEO this year. The company has posted declining revenues this year as it struggles to attract and maintain paying members. In a statement to CNBC, a Bumble spokesperson said, "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.& [...]
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