KEY POINTS
  • Bumble announced plans to lay off about 350 employees as part of its fourth-quarter earnings report Tuesday.
  • The company said the layoffs will help drive stronger operating leverage and align its operating model with "future strategic priorities."
  • Bumble CEO Lidiane Jones said the company is taking "significant and decisive" action to accelerate its product roadmap, according to the release.

In this article

The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023.

Bumble on Tuesday announced plans to lay off about 350 employees as part of a restructuring plan. A company spokesperson said the cuts amount to about 30% of Bumble's workforce.

Bumble said the layoffs will help drive stronger operating leverage and align its operating model with "future strategic priorities," according to its fourth-quarter report. Bumble had more than 950 full-time employees as of Dec. 31, 2022, according to a filing with the U.S. Securities and Exchange Commission. The spokesperson said the latest annual report will be published later this week.

In this article