Bumble jumps 15% as dating company plans to axe 30% of workforce
1. Bumble plans to lay off 30% of its workforce, about 240 roles. 2. Layoffs will incur $13 to $18 million in charges this quarter. 3. Management expects annual savings of $40 million from these cuts. 4. Bumble revised revenue forecasts up to $249 million for the current quarter. 5. Bumble's market value dropped significantly from $7.7 billion to $538 million.