"Bumble Announces 37% Workforce Reduction Amid Tech Industry Job Cuts"
TL;DR Summary
Bumble is reducing its workforce by 37%, with 350 workers being laid off as part of a restructuring to align with future strategic priorities. CEO Lidiane Jones stated that the company needs to centralize teams, remove layers, and address duplicate efforts to accelerate innovation. Impacted workers will receive enhanced severance pay, yearly performance bonuses, and health care stipends. The company anticipates layoff-related costs of $20-25 million and plans to relaunch the Bumble app with a modern experience in the second quarter.
- Bumble reducing its workforce by 37% Fox Business
- Dating app company Bumble to lay off about a third of staff MarketWatch
- Bumble to lay off 350 employees as tech industry job cuts mount CNBC
- Bumble cuts ~350 employees as dating apps face a reckoning TechCrunch
- Bumble to relaunch, plans massive layoffs as Gen Z breaks up with dating apps Axios
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