• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Bumble shares jump 26% as dating company plans to axe 30% of workforce

by June 26, 2025
written by June 26, 2025

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 result in $13 million to $18 million in charges for the company hitting in the third and fourth quarters of this year. Management estimates that the reductions will help the company save $40 million annually.

A Bumble spokesperson said in a statement to CNBC that the layoffs were “not made lightly.”

“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,” they wrote.

Bumble said the cuts are part of a reconfiguration of its “operating structure to optimize execution on its strategic priorities.” The company plans to invest savings into new product and technology development.

Shares of the dating app company have plunged since their debut on the public markets in 2021. Its market value has plummeted from $7.7 billion to about $538 million as of Tuesday’s close.

Founder Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, returned to the role earlier this year.

Along with the job cuts, Bumble updated its previously announced forecast for the current quarter.

The company now expects revenue to range between $244 million and $249 million, and adjusted earnings before interest, taxes, depreciation and amortization between $88 million and $93 million.

That’s up from the $235 million to $243 million in revenue and $79 million to $84 million in adjusted EBITDA forecast with Bumble’s first-quarter results last month.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
‘The mission was accomplished’: Senate Republicans push back against leaked report on Iran strikes
next post
Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

related articles

Target is eliminating 1,800 corporate jobs as it...

October 24, 2025

X-ray tables, hidden cameras: The tech in rigged...

October 24, 2025

Travis Kelce part of investor group aiming to...

October 24, 2025

Trump’s Argentina beef import plan will harm U.S....

October 23, 2025

Customers sue sneaker company On over shoes that...

October 20, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 17, 2025

LendingTree founder and CEO Doug Lebda dies in...

October 15, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 13, 2025

China outlines more controls on exports of rare...

October 10, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump, Harris have visited these states the most heading into Election Day

    November 4, 2024
  • GGP Share Price Continues Decline. Will It Recover Soon?

    August 7, 2024
  • HOLLYWOOD ELITES FOR HARRIS: Celebs sign on for another tired, star-filled sequel

    October 14, 2024
  • ‘Schumer shutdown’ already cost taxpayers $1.2B in pay to employees not working

    October 4, 2025
  • Atlantic reporter publishes more texts about attack on Houthi targets

    March 26, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,577)
  • Investing (634)
  • Stock (945)

Latest Posts

  • Cruz warns against underestimating Harris: Dems pitching her as ‘Mother Teresa, Oprah, and Gandhi’ combo

    July 22, 2024
  • Trump claims Putin, Xi, Kim are conspiring against the US after military parade in China

    September 3, 2025
  • How Donald Trump sneaked up on me and a bunch of new friends in Milwaukee

    July 23, 2024

Recent Posts

  • Abrdn Share Price: £219.50 High – Market Snapshot

    August 13, 2024
  • JONATHAN TURLEY: Biden not the only loser revealed by shocking Hur audio

    May 17, 2025
  • Federal judge delays Labor Department’s request to block DOGE access

    February 14, 2025

Editor’s Pick

  • Trump signs order lifting sanctions on Syria

    June 30, 2025
  • Former presidents mum following Donald Trump’s inauguration

    January 20, 2025
  • Trump official travels to Venezuela in push for Maduro regime to take back Tren de Aragua gang members

    February 1, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock