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Posted by
Two Blokes Jun 26 -
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Stock
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Bumble Inc (NASDAQ:BMBL) shares surged 25% in after-hours trading as the company announced it will lay off around 240 employees (about 30% of its global workforce) as part of an overhaul aimed at reviving growth and boosting efficiency. The job cuts are expected to deliver $40 million in annual cost savings, which Bumble says will be redirected into developing its technology and core products.
