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Industry Trends - Dating app industry is facing challenges [1] - User willingness to pay for dating apps is declining year-over-year [1] Company Performance & Strategy - Bumble announced a 30% layoff of its workforce, approximately 240 people [1] - Bumble's shares jumped up by 20% following the layoff announcement [1] - Match laid off 13% of its staff in a similar cost-cutting measure [1] - Both Bumble and Match have previously conducted layoffs [1]