Bumble reducing its workforce by 37% [FOX Business Network]
Bumble Inc. - common stock (BMBL)
Company Research
Source: FOX Business Network
The job cuts, announced Tuesday, are meant to "better align [Bumble's] operating model with future strategic priorities and to drive stronger operating leverage," the dating app company said in a press release accompanying its fourth-quarter earnings. They add to the over 45,000 workers that Layoffs.fyi has found tech firms around the world have slashed since the start of the year and to workforce reductions conducted by companies in other sectors like finance, retail and media. "We… concluded that Bumble is not the right size or structure we need to be to meet the opportunity ahead," CEO Lidiane Jones said in a staff-wide message. "In order to do this, we are reducing the size of our workforce, centralizing mission-critical teams, removing layers, and addressing duplicate efforts so we can accelerate how quickly we innovate and go to market." Impacted workers started receiving notification on Wednesday, with some layoffs becoming effective immediately, according to Jones. Th
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BMBL
News
- Bumble Inc. to Participate in Upcoming Investor ConferencesBusiness Wire
- Bumble Inc. (BMBL) Reports Next Week: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing Bumble (BMBL) Right Now? [Yahoo! Finance]Yahoo! Finance
- Bumble Gives Women More Choice to Make the First Move [Yahoo! Finance]Yahoo! Finance
- Bumble Gives Women More Choice to Make the First MoveBusiness Wire
BMBL
Earnings
- 2/27/24 - Miss
BMBL
Sec Filings
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form DEF
- BMBL's page on the SEC website