Bumble to axe almost a third of staff as dating app struggles

Bumble, a popular dating app, is cutting around a third of its staff as it struggles with growth and investor confidence. CEO Whitney Wolfe Herd cited industry challenges and the need for restructuring to ensure resilience. The company, known for its female-first approach, has faced setbacks since its IPO in 2021, with shares plummeting. The job cuts, affecting 240 roles, aim to reduce expenses by $40m annually and refocus on technology development.