New York CNN —
Bumble, the beleaguered dating app whose stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce.
The company announced in a regulatory filing Wednesday that the layoffs amount to 240 positions and will save Bumble $40 million annually. The workforce reduction “realigns its operating structure to optimize execution on its strategic priorities,” with the company reinvesting a “substantial majority” of the money saved into new products and tools.
It’s the latest warning sign that younger users are growing frustrated and abandoning online
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