Bumble layoffs: Dating app to cut 30% global workforce, impacting over 240 roles

Dating app Bumble on Wednesday said it will cut nearly 30% of its global workforce, impacting over 240 roles.

The decision was made as the company realigns its operating structure to focus on “strategic priorities,” it said in a securities filing.

Bumble anticipates saving $40 million per year as a result of the workforce reduction and plans to reinvest most of this money into product and technology development.

Additionally, it said it will incur about $13 million to $18 million to cover costs consisting primarily of employee severance, benefits, and…