Dating app Bumble to lay off about 37% of workforce as it looks to drive growth
Online-dating company Bumble Inc. will lay off approximately 350 workers — about 37% of its workforce — as part of a restructuring plan.
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Online-dating company Bumble Inc. will lay off approximately 350 workers — about 37% of its workforce — as part of a restructuring plan.
The lackluster forecast comes a day after Bumble said its founder Whitney Wolfe Herd would step down as CEO, the second major executive departure at the company, and will be succeeded by Slack chief executive Lidiane Jones.
By Denny Jacob Bumble issued outlook for the current quarter that is below the expectations of analysts. The online dating company forecast revenue of $272...
As Jones, described it, this is a transition "from the youngest woman to take a company public to an immigrant that came here on a scholarship."
(Reuters) -Bumble Inc cut its full-year revenue forecast on Wednesday, signaling a hit from stiff competition from rivals such as Match Group Inc in t...