Bumble Announces 240 Layoffs in $40 Million Cost-Saving Move

Dating app’s reorganization follows leadership shake-up and continued stock market struggles.

The dating app Bumble as seen on Feb. 26, 2020. Eric Baradat/AFP via Getty Images

Online dating company Bumble has announced that it will lay off about 30 percent of its global workforce.

The Austin, Texas, company published a filing with the Securities and Exchange Commission on Wednesday that stated its board of directors had approved reducing its global workforce by 240 employees.