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Bumble jumps 25% as dating company plans to axe 30% of workforce - TL;DR CNBC

Bumble jumps 25% as dating company plans to axe 30% of workforce

Publishing timestamp: 2025-06-25 13:08:37


Summary

Bumble shares rallied after announcing plans to lay off 30% of its workforce, estimating $40 million in annual savings. Founder Whitney Wolfe Herd returned as CEO. The company also updated its revenue forecast for the current quarter.


Sentiment: MIXED

Tickers: BMBL

Keywords: enterprisemediatechnologysocial mediabreaking news: technologybusiness newsbreaking news: businessearningsbumble inc

Source: https://www.cnbc.com/2025/06/25/bumble-layoffs.html


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