Bumble jumps 26% while the meeting company plans to count on 30% of the workforce

Buzz The shares gathered on Wednesday more than 26% after the meeting of meetings revealed in a depositing securities that it intends to reduce 30% of his workforce, about 240 roles.

The layoffs will result in costs of 13 to 18 million dollars for the company for the third and fourth quarters of this year. Management estimates that discounts will help the company save $ 40 million a year.

A Bumble spokesman said in a statement to CNBC that the layoffs were “not made lightly.”

“Our goal is now to go from the front in a way that strengthens our basic profession, continues to serve our members effectively and positions us for future growth,” they wrote.

Bumble said that cuts are part of a reconfiguration of its “operational structure to optimize execution on its strategic priorities”. The company plans to invest economies in the development of new products and technologies.

Actions of the Dating application The company has plunged since its debut in public procurement in 2021. Its market value increased from $ 7.7 billion to around $ 538 million at the end of Tuesday.

Founder Whitney Wolfe Herdwho resigned as CEO At the beginning of 2024, he returned to this role earlier this year.

In addition to the job cuts, Bumble has updated his forecast announced previously for the current quarter.

The company now provides that revenues are between $ 244 and $ 249 million and adjusted profits before interest, taxes, damping between $ 88 million and $ 93 million.

This increased from $ 235 million to $ 243 million in revenues and $ 79 million to $ 84 million in EBITDA forecasts adjusted with the first quarter of Bumbles last month.