Dating app Bumble breaks up with hundreds of employees in major mass layoff announcement

Dating application Bumble Wednesday announced it will lay off about 240 roles or 30% of its global staff, reports news agency Reuters. After the mass layoff announcement, shares of the company rose 12 percent in pre-market trading.

Bumble announced that it expects to incur one-time charges between $13 million and $18 million related to employee severance, benefits, and associated expenses, primarily during the third and fourth quarters of 2025. The company anticipates these restructuring costs will lead to approximately $40 million in annual savings, which it plans to reinvest in areas such as product innovation and technology development. Alongside the announcement, Bumble raised its revenue outlook for the second quarter, projecting between $244 million and $249 million—up from its earlier forecast of $235 million to $243 million.

Last year in February, Bumble laid off approximately 350 employees, constituting about 37% of its workforce in response to a disappointing first-quarter revenue and a challenging environment characterised by a slowdown in user spending.


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"The company announced that it intends to reduce its global workforce by approximately 350 roles to better align its operating model with future strategic priorities and to drive stronger operating leverage,” the company said in a press release announcing its quarterly results," Bumble had said in a press release.

2025 has started on a rather ominous note for tech industry as several companies have laid off thousands of employees. Bumble joins that wave of companies announcing cuts due to a variety of factors. Other tech giants such as Microsoft, Amazon, Intel and others have also announced mass layoffs this year, citing numerous reasons.

(With inputs from Reuters)