According to a regulator, Bumble will be about 30% of its workforce or 240 employees Admission On Wednesday, the online dating was filed by the company.
Jobs come down because the company moves forward to reduce costs and resumes to increase its customer base. Bumble estimates that the trimmed, which are slapped in the second half of the year, will save $ 40 million. The Texas -based company said it would renovate that money in “product and technology development”.
Announcing the decision of the employees on Wednesday, Bumble CEO Whitney Wolf Hurd, who also co-established Tinder, stated that the online dating business is on a “influx point”.
“The reality is that, we need to take decisive action for restructuring to form flexible, intentional and finished company for the next decade,” he wrote to the employees in an email.
In a statement by CBS News, a bunning spokesperson said that the decision to reduce the company’s workforce is in line with the company’s strategic goals.
The spokesperson said, “Our focus is now moving in a way that strengthens our main business, serves our members effectively and gives us a place for future development.”
Bumble said in its securities that it would exceed non-recurred charges for dissection from $ 13 million to $ $ 18 million to more than $ 18 million and other benefits to the affected employees would be paid. Online dating company shares were 21% in the afternoon trading.
During a company’s earnings call, herd in May The sanctioned Bumble had lost traction with customers and said it was focusing on providing users with better matches.
Hurd said at that time, “We are intensifying our efforts to improve our member base and show members more thoughtful selection of high quality relevant profiles.”
“As we execute on our plans, we are very focused on creating a permanent revenue model with a healthy payment member base,” he said.
