Tootfinder

Bumble plans to cut 30% of its workforce, or about 240 roles, and invest the ~$40M saved annually into new product and tech development; BMBL rises 20% (Samantha Subin/CNBC)
https://www.cnbc.com/2025/06/25/bumble-layoffs.html

Bumble jumps 26% as dating company plans to axe 30% of workforce
Founder Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, returned to the role earlier this year.

It is not AI that is driving tech layoffs. It’s the massive change in R&D writeoff rules that kicked in for TY2022, from the 2017 Trump tax bill.
The ability to “expense” R&D costs was in place for decades and arguably drove US innovation by making it cheap. Now R&D is amortized over 5 years for US work, 15 years for non-US work. The current reconciliation bill would bring back expensing of domestic R&D costs.

It's all accounting...and the first-term Trump tax cuts.
https://www.professoraxelrod.com/p/the-tech-job-meltdown

The Tech Job Meltdown
Half a million layoffs? It's all accounting.

This is how important tax incentives are and why countries that only reactively shape their tax systems will keep lagging behind.
https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502

The hidden time bomb in the tax code that's fueling mass tech layoffs
A decades-old tax rule helped build America's tech economy. A quiet change under Trump helped dismantle it

I’m very tempted to speculate that this report is banned in corporate C-suite and HR:
Why are there so many tech layoffs, and why should we be worried?
https://news.stanford.edu/stories/2022/12/explains-recent-tech-layoffs-worried
What do you think?🤔