Bumble plans to cut 350 jobs and overhaul the app to centralize teams, focus on AI and safety, and appeal to younger users.

Dating app Bumble plans to cut around 350 jobs (one-third of its workforce) to centralize engineering and product teams and accelerate decision-making, focusing on AI and safety features. The company also plans to overhaul its app in Q2, aiming to appeal to younger users and revive slowing payer growth. Bumble reported a 16% revenue increase to $1.05B in 2023, with a 22% rise in app revenue to $844.8M.

February 27, 2024
10 Articles

Further Reading