1421 ET - Bumble's plan to lay off 30% of its workforce isn't much of a surprise, given that other online-dating companies have already realized they need far fewer employees to operate. The workforce reduction also builds on Bumble's previously disclosed plan to cut operating expenses by about $15 million in the second half of the year, J.P. Morgan analysts say in a research note. "The upwardly revised revenue outlook was the bigger surprise given weak intra-quarter download trends," they write, attributing the raise to less-than-expected revenue impact from Bumble's $20 million cut to performance and brand-marketing spend in 2Q. "We'd be cautious extrapolating Bumble's 2Q revenue update as a sign that online dating trends are improving," they add. Bumble shares rise 23%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 25, 2025 14:21 ET (18:21 GMT)

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