The company behind the UK's third most popular dating app, has reportedly told investors that 240 jobs could be axed in order to save $40 million (£29.4m) a year.

Founder Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, returned to the role earlier this year.

Dating app Bumble announced on Wednesday that it's laying off 30% of its workforce, impacting around 240 positions.