Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Dana Point, California – 27 September: Whitney Wolfe Herd, founder and CEO, Bumble, Ritz-Carlton, Laguna Niguel in Ritz-Carlton, Laguna Niguel speaks in the Onstage during the 2023 CONFERENCE in Ritz-Carlton. (Getty Images for Photo Jerod HARRIS / VOX Media)
Jerod Harris | Getty Images Entertainment | Getty pictures
Bumble Shares Dating app gathered in more than 26% on Wednesday after appearing in a A on the app Company Securities intends to hit 30% of the workforce or about 240.
The floors will yield up to $ 18 million for $ 13 million for a company in the third and fourth quarters of this year. Management estimates that decreases will help the company earn $ 40 million a year.
A bumble spokesman told CNBC, the withdrawal was “not light”.
“We continue to move forward in a way that strengthens our main work, and it continues to serve our members effectively and makes us a position for future growth.
Bumble said that the cuts were part of the reconstruction of the operating structure to optimize the implementation of the “strategic priorities. The company plans to invest in new products and technology development.
Shares Dating application The company fell since the debut in public markets in 2021. The market value decreased to about $ 7.7 billion on Tuesday to about $ 538 million.
Founder Whitney Wolfe herdas stepping like CEO He returned to the role in the beginning of this year in early 2024.
In addition to working cuts, Bumble has updated the pre-announced forecast for the current quarter.
The company will now range from $ 244 million and $ 249 million and is between $ 88 million and $ 93 million in EBIT.
This comes from $ 235 million to $ 243 million, and last month to $ 79 million to $ 84 million with the forecast of Bumble’s first quarter.
