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: enterprise, media, technology, social media, breaking news: technology, business news, breaking news: business, earnings, bumble inc,
Source: https://www.cnbc.com/2025/06/25/bumble-layoffs.html