Company Actions - Bumble announced a layoff of 30% of its workforce, affecting approximately 240 positions, as part of a strategy to realign its operating structure and optimize execution on strategic priorities [1] - The company expects to save $40 million annually from the workforce reduction, with plans to reinvest most of these savings into product and technology development [1][2] - Bumble will incur non-recurring charges of approximately $13 million to $18 million related to severance and benefits for affected employees in the third and fourth quarters of 2025 [2] Financial Performance - Following the announcement of job cuts, Bumble's shares increased by around 20% [2] - The company raised its second-quarter revenue forecast to a range of $244 million to $249 million, up from a previous forecast of $235 million to $243 million [3] Leadership Changes - The layoffs coincide with the return of founder Whitney Wolfe Herd as CEO in March 2024, after she had stepped down in 2023 [3] Industry Context - Bumble's recent layoffs follow a trend in the industry, as rival Match, which owns apps like Tinder and Hinge, also announced a 13% staff reduction to streamline its organizational structure [5]