Bumble jumps 26% as dating company plans to axe 30% of workforce
Dana Point, California – September 27: Founder and CEO Whitney Wolfe Herd, Bumble, on September 27, 2023, Dana Point, California Ritz -Carlton, Laguna Niguel’de Vox Media’s 2023 codes during the 2023 code conference. (Jerod Harris/Getty Images for Vox Media)
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Bombardment A friendship application company Securities filing It plans to reduce 30% of the labor force or about 240.
Disperations will result in the company’s third and fourth quarter of this year for $ 13 million to 18 million dollars for the company. The management estimates that discounts will help the company save $ 40 million annually.
A Bumble spokesman CNBC told CNBC, “lack of laid down,” he said.
“Now our focus is to move forward to strengthen our basic business, continue to serve our members effectively and position us for future growth.”
Bumble said deductions are part of the restructuring of the operating structure to optimize execution on strategic priorities. The company plans to save new products and technology.
Dating App Company’s shares have fell in 2021 since its first release in public markets. The market value fell from 7.7 billion dollars to approximately $ 538 million from the closing of Tuesday.
The founder Whitney Wolfe Herd, who resigned as CEO at the beginning of 2024, returned to the role in the early this year.
With business cuts, Bumble updated the previously announced forecast for the current quarter.
The company is now waiting for revenues to range from 244 million to 249 million dollars and set EBITDA between $ 88 million to 93 million dollars.
This rose from $ 235 million to $ 79 million from $ 79 million to $ 84 million from $ 79 million to $ 84 million in the EBIT and EBIT and $ 84 million in the EBIT and EBIT and the first quarter of Bumble’s first quarter results last month.
