Bumble says it will cut 240 jobs, or about 30% of its global workforce
PHILADELPHIA (AP) — Online dating platform Bumble plans to lay off about 240 employees, or roughly 30% of its global workforce.
In a securities filing, Bumble disclosed that its board approved the cuts this week as it “realigns its operating structure to optimize execution on its strategic priorities. ” The Austin, Texas-based company expects to see $40 million in annual cost savings spanning from the workforce reductions, much of which it says it will invest in product and technology development.
“These decisions were not made lightly, and we are deeply grateful for the contributions of every employee impacted, ” Bumble said in a statement sent to The Associated Press Wednesday — adding that it was now focused on “moving forward in a way that strengthens our core business ” and „ Позиционира ни за предстоящ напредък. “
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