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Dana Point, California -September 27: Whitney Wolfe Flood, Founder and CEO, Bumble appears on stage during the Vox Media 2023 code conference in Ritz -Karlton, Laguna Nigel 27, 2023 in Dano -Pint, California. (Photo Jerod Harris/Getty Images for Vox Media)
Jarad Harris | Getty Images Entertainment | Gets the image
Knit The stock rallied more than 26% on Wednesday after dating apps revealed in Submission of securities that he intends to cut 30% of his workforce or about 240 roles.
The dismissal will lead to $ 13 million to $ 18 million, which pay for the company, which has been in the third and fourth quarter of this year. Management estimates that the reduction will help the company save $ 40 million annually.
The bomble said the reduction is part of the perestroika “operating structure to optimize their strategic priorities.” The company said it plans to invest in the development of new products and technology.
Shares App for dating The company has been immersed since the debut in the state markets in 2021. Its market value decreased from $ 7.7 billion to approximately $ 538 as of Tuesday’s closing.
Founder Whitney Wolfe Herdthat is gone down like CEO In early 2024 he returned to the role earlier this year.
Along with the reduction of tasks, Bumble has updated the previously announced forecast for the current quarter.
Now the company expects the income from $ 244 to $ 249, and has adjusted EBITDA from $ 88 to $ 93 million.
It rose from $ 235 million to $ 243 million to $ 84 million in adjusted EBITDA forecast with the results of the first Bumble.
