What’s Happening at Bumble?
Bumble is planning to eliminate approximately 30% of its workforce, or around 240 jobs, as it “realigns its operating structure.”
“[We expect] to incur approximately $13 million to $18 million of non-recurring charges, consisting primarily of employee severance, benefits, and related charges, for impacted employees,” the dating app company said in a regulatory filing.
Management believes the workforce reduction will help Bumble save $40 million annually.
Impact on Canadian Staff
It remains unclear if any Canadian employees at Bumble are affected by the latest round of job cuts.
According to LinkedIn, the company has more than a dozen workers in the country.
Next Steps for Bumble Employees
If you’re fired or let go from Bumble, understanding your legal rights is crucial.
Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).
The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay
Key Severance Facts:
- Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
- Deadlines: You generally have up to 2 years...
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