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Dana Point, California Wolfe Herd, Bumble, Bumble at the 2023 code Conference of Vox Media, Friend 27, September 27, 2023 at Dana Point’s Dana Point. (Photo for Jerod Harris / Getty Images Vox Media)
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Bumple Shares rose by 25% on Wednesday after reporting the dating application company Introducing values that he wants to throw around 30% or 240 roles of his workplace.
The release will have $ 13 million $ 13 billion to knock in the third and fourth quarter of this year. Reducing management calculations will help the company will help save $ 40 million each year.
A bumble spokesman said in the statement made to CNBC, the dismissals were “not”.
“Now based on our business, it progresses in a way that strengthens our business, it continues to be served effectively to our members, and is placed to us for future growth,” they write.
Bumble has said that the cuts are part of its “structure that is part of a functioning configuration to optimize the implementation of its strategic priorities.” The company envisages investing in product development and technology development.
Shares Dating application The company has set off since the debut of public markets in 2021. The value of his market is about $ 7.7 billion dollars 673 million on Wednesday.
Founder Whitney Wolfe herdWho stepped on General Manager In early 2024, the role returned earlier this year.
Along with work cuts, Bumble updated the prediction predicted in the previous quarter.
The company expects income between $ 244 million and 249 million and $ 249 million, and adjusted profits, interests, taxes, depreciation and repayment, between 88 million and $ 93 million.
That’s $ 235 million in income and $ 79 million and $ 84 million in $ 84 million in Evitde prediction, last month.
