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Bumble is laying off 30 percent of its workforce


Bumble is laying off 30 percent of its workforce.

The company has posted declining revenues this year as it struggles to attract and maintain paying members. In a statement to CNBC, a Bumble spokesperson said, "Our focus now is on moving forward in a way that strengthens our core business, continues to serve our members effectively, and positions us for future growth." Trust and safety issues are of paramount concern on dating apps where you meet up with strangers.

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