Bumble, a popular dating app, has announced layoffs that will affect 350 workers. The layoffs will cut Bumble’s workforce by thirty percent, and the company stated that the cuts will allow the company to adjust its operating model to put the company in a better position for future success. Bumble also claims that the changes will improve user experiences and will increase the efficiency of the app. Compared to the fourth quarter revenue last year, Bumble earned over thirty million dollars more in revenue in the fourth quarter this year. The technology industry has experienced widespread layoffs in the past months, and thousands of workers working at numerous popular technology companies have lost their jobs.
See "Hundreds of workers at Bumble will lose their jobs due to layoffs", Ashley Capoot, CNBC, February 28, 2024