Bumble announces major layoffs affecting 30% of employees as company restructures
1. Bumble plans to cut 30% of its workforce, affecting around 240 employees. 2. Layoffs aim to realign operations and save up to $40 million annually. 3. Bumble expects Q2 revenue between $244-$249 million, with EBITDA of $88-$93 million. 4. Job cuts are part of strategic focus on product innovation and member health. 5. Company's revenue decreased year-over-year to $247.1 million in Q1.