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Dating app company Bumble Inc. disclosed on Wednesday that it will trim its headcount by 30%, meaning roughly 240 people will lose their jobs.

Bumble, an Austin-based dating app company, is laying off 30% of its workforce. It is unclear how many Austin employees will be affected.

Online dating platform Bumble plans to lay off about 240 employees, or roughly 30% of its global workforce.

Dating app company Bumble announced Wednesday it was laying off 30% of its staff at the same it increased its second-quarter revenue forecast.

Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.