TECH CRUNCH - Bumble is laying off 30% of its workforce (~240 jobs) as part of a restructuring plan to focus on product and technology. The company expects to save $40M annually and reinvest most of it into development. It will incur $13-$18M in severance-related costs in Q3 and Q4 2025. This is Bumble's second major layoff in two years - the last was in February 2024, cutting 350 jobs. Despite weak Q1 earnings, the company raised its Q2 revenue forecast and saw its stock rise 20% after the layoff announcement. Founder Whitney Wolfe Herd returned as CEO in March 2025. Match has also laid off staff amid slowing user growth.
by Aisha Malik
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