Bumble cuts ~350 employees as dating apps face a reckoning
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 (pictured above) announced that 30% of…