Bumble to cut workforce by 30%, shares jump

Shares of online dating app Bumble BMBL.O jump 12% to $5.87 premarket

Co to reduce workforce by ~240 roles or 30% of employees

BMBL expects to incur around $13 million to $18 million of non-recurring charges

Charges will be incurred primarily in the third and fourth quarter of 2025

Co expects up to $40 million of annual cost savings related to workforce reduction

BMBL now expects Q2 revenue between $244 million and $249 million vs previous expectations of between $235 million and $243 million

Up to last close, stock had fallen ~36% YTD