Dating app Bumble layoffs | ‘Ya’ Dating has given you 350 births, know the reason

Pudhari Online: An online dating company after tech companies has announced its new job. US online dating app Bumble has said it is cutting 350 jobs. Expressing concern about the shortfall in earnings and taxes, Bambale Nayak Pati’s statement has been made. (Dating app Bumble layoffs)

Bumble is a popular dating app, but its popularity has not helped its earnings. Therefore the company has announced layoff. Bumblebee has revealed that the retrenchment will have consequences for 350 employees. According to a report, the value of Bumble, Badoo and Fruitz companies has fallen by more than 7 percent.

New Bumble CEO Lydian Jones is making the decision to address the company’s revenue concerns, according to a Reuters report. Like Mhatlya, he cannot earn as much money as expected. Bumble has announced that it will be cutting about 350 jobs. Or their shares fell by more than 7 percent during regular trading.

The company expects that due to bureaucracy their expenses will be between $20 million to $25 million. CEO Jones plans to improve Bumble by making its main app better and adding more features to its paid version. Experts say Bambala needs to find ways to make more money and expand into new markets.

Zari Bambala’s expectation of 8 to 11 percent growth every year is realistic, yet some experts have said that its growth will be slow. Or their expected revenue for the quarter has fallen short of analysts’ estimates.

More people paid for Bumble apps last year. The number of their users would have gone from 34 lakhs to 40 lakhs. But still they did not get the expected revenue in the last quarter. (Dating app Bumble layoffs)

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