<ul data-eligibleForWebStory="true"><li>Bumble, the Texas-based online dating platform, plans to reduce its workforce by 30% globally, affecting around 240 employees.</li><li>The company will incur a cost of at least $13 million in severance packages in the third and fourth quarters as a result of the layoffs.</li><li>Bumble aims to save $40 million annually after the job cuts, which will be used for product and tech development.</li><li>While the timing and impacted roles have not been officially announced, the reduction process is expected to occur over about a year with potential costs reaching $18 million.</li></ul>

Bumble to trim workforce by 30%, save $40 mn a year

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