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Bumble, the beleaguered dating app who’s stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce.
CEO Whitney Wolfe Herd wants Bumble to become a ‘faster, more decisive, and more agile organization.’ Photo: Dia Dipasupil/Getty Images The business of love is proving to be complicated.
Bumble shares rose 19% on the news, but their market value has shrunk by about a fifth this year to a little over $500 million. Its peak was around $15 billion, when the company went public in ...
Bumble will lay off roughly 30% of its workforce, or 240 employees, according to a regulatory filing filed by the online dating company on Wednesday.. The jobs cuts come as the company moves to ...
Bumble, the beleaguered dating app who’s stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce.
Bumble lays off 30% of its workforce to save $40M annually, refocus on AI innovation, and combat declining users. The dating app cuts 30% of its workforce, saving $40M and focusing on AI innovation.
Bumble said on Wednesday it would lay off nearly a third of its workforce, the latest cuts in a dating app industry striving to develop features that will keep users spending amid economic ...
Bumble, the beleaguered dating app who’s stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce. Skip to main content. Boydton, VA. Boydton, VA. Local News ...
Shares in Bumble have plunged since the company’s initial public offering in 2021. Its market value has plummeted from $7.7 billion to about $538 million as of Tuesday’s close.
Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.. The layoffs will ...