Catenaa, Wednesday, June 25, 2025- Bumble, the dating application with over 50 million users, said on Wednesday that it will lay off about 240 roles or 30% of its global staff.
Bumble said it will incur non-recurring charges of about $13 million to $18 million for employee severance, benefits and related charges, primarily in the third and fourth quarters of 2025.
Bumble shares jumped by over 20% at market open on Wednesday, but the shares are down by over 9% for the year so far.
Through the layoffs, the company expects to save about $40 million in annual costs, which it plans to reinvest in initiatives such as product and technology development.
In a message to employees, Founder and CEO Whitney Wolfe Herd described the decision as difficult but necessary, stating that “Bumble, like the online dating industry itself, is at an inflexion point.”
She emphasized the company’s intention to return to a “start-up mentality” with a focus on “core product innovation” and becoming “a faster, more decisive, and more agile organization.”
In conjunction with the announcement, Bumble updated its financial outlook for the second quarter of 2025, now expecting total revenue between $244 million and $249 million, and adjusted EBITDA between $88 million and $93 million.
This compares to its prior forecast of revenue of $235 million to $243 million in revenue and adjusted EBITDA between $79 million and $84 million.
