Bumble is giving 350 of its workers the ax.  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, re ...

97 Consolidated Balance Sheets Information | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|--------------|-----------------------|-------|--------------------------------| | Legal liabilities | December \n$ | 31, 2023 \n65,761 | $ | December 31, 2022 \n20,501 | | Payroll and related expenses | | 23,603 | | 20,814 | | Marketing expenses | | 22,622 | | 19,874 | | Other accrued expenses | | 14,487 | | 14,536 | | Lease liabilities | | 1,171 ...

Bumble announced plans to lay off 350 employers on Tuesday, reducing its headcount by 30% as part of a larger restructuring plan.Job cuts across dating app — whose defining feature is that only women can initiate chats with male suitors — is the first big move by CEO Lidiane Jones, who took over in January after serving in the chief executive position at Slack Technologies. (For users looking for a same-sex match, either person can reach out first.)Bumble said expects to incur about $20 million to $25 milli ...

Bumble (NASDAQ:BMBL), which owns the popular dating platform of the same name, just disclosed that it will dismiss roughly 350 employees. According to the firm, roughly 30% of its workers will be affected by the Bumble layoffs.Importantly, Bumble also reported weaker-than-expected fourth-quarter results with the news. The company also provided guidance that came in below analysts’ average estimates. Now, BMBL stock is sinking by more than 8%.The Bumble Layoffs and Q4 ResultsBumble decided to carry out the j ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

bumble inc. February 2024 Q4 2023 Earnings Supplemental Presentation This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements reflecting the current views of management of Bumble Inc. with respect to, among other things, our operations, our financial performance, our industry, our business and other non-historical statements, including without limitation the in ...

Bumble Inc. (NASDAQ:BMBL) Q4 2023 Results Earnings Conference Call February 27, 2024 4:30 PM ET Company Participants Cherryl Valenzuela - Vice President, Investor Relations Lidiane Jones - Chief Executive Officer Anuradha Subramanian - Chief Financial Officer Conference Call Participants Alexandra Steiger - Goldman Sachs Andrew Marok - Raymond James Cory Carpenter - J.P. Morgan Shweta Khajuria - Evercore ISI Ygal Arounian - Citigroup Miles Jakubiak - KeyBanc Capital Markets Benjamin Black - Deutsche Bank Ke ...

Bumble Inc. (BMBL) reported $273.64 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.3%. EPS of -$0.19 for the same period compares to $0.17 a year ago.The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $275.38 million. With the consensus EPS estimate being $0.12, the EPS surprise was -258.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Bumble, a once-powerful force in online dating, is facing a reckoning.The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from the same period a year ago, earnings came in below Wall Street expectations and were paired with a disappointing Q1 2024 forecast — sending Bumble’s stock tumbling ~10% in after-hours trading.Bumble’s taking drastic action to stem the bleeding.CEO Lidiane Jones announced that 37% of Bumble’s workforce, or about 350 emp ...

The Bumble app on a smartphone arranged in New York, US, on Monday, Nov. 6, 2023.Bumble on Tuesday announced plans to lay off around 350 employees, or about 37% of its workforce, as part of a restructuring plan.The company said the layoffs will help drive stronger operating leverage and align its operating model with "future strategic priorities," according to its fourth-quarter report. Bumble had more than 950 full-time employees as of December 31, 2022, according to a filing with the U.S. Securities and E ...