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Bumble, led by CEO Lidiane Jones, cuts jobs and expects disappointing Q1 revenue due to a slowdown in user spending. The company plans to relaunch apps, target younger users, drive revenue growth, expand globally, and revamp the eponymous app to meet analysts' expectations.
US online dating platform Bumble on Tuesday announced plans to cut 350 positions, about a third of its workforce, as part of a restructuring plan.
Bumble faces formidable competition from industry heavyweight Match Group, which owns popular dating platforms such as Tinder and Hinge.
Following suit, as part of a reorganization plan, Bumble revealed intentions to lay off approximately 350 staff on Tuesday.