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On Wednesday, the U.S. dating app Bumble announced that it will lay off 30% of its workforce, impacting roughly 240 positions. Simultaneously, the company raised its revenue outlook, sending its share price surging by more than 25%. Amidst the challenges of declining user numbers and revenues within the dating app industry, Bumble is grappling to stay afloat. Despite this, analysts remain skeptical about the long-term growth prospects for the dating app market. Given the industry's widespread struggles, Bumble's decision to reduce its staff does not come as a surprise. The company anticipates saving $40 million annually through these layoffs and has revised its revenue guidance for the second quarter to between $244 million and $249 million.
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