Dating app Bumble announces layoffs impacting 350 roles due to poor earnings and revenue issues. The company's value dropped by over 7% post trading hours.
continuing to hire frontline and business and operations critical roles. this is a perfect storm they re having, neil, they ve got revenue issues, sure, they re showing profits right now, but the profits are far from where they should be proportional, even with the decrease in oil and gas prices. demand is low, but the raises that were handed out are not based on productivity and revenue. they were handed out arbitrarily across the board. a lot of external pressure. causes that to happen. and so you can end up with some people that are pretty disenfranchised as well. when we re all getting squeezed like this. even all the way down to the suppliers, imagine what s getting ready to happen to the suppliers, they play a major role. i m thinking of the flyers. i m always leery of flying carriers when they re in the middle of labor strike, because they re all dealing with variations of that. joe, does that worry you? no, it doesn t worry me too
revenue issues that will cause problems with the tea partiers and others. eric: read further. 18% can t spend above 18%. that is a 20% cut in spending. andrea: but you still have the revenue issues. if you have people doing different system every other year. that s why you got to make you have to lock them in. dana: bob, you generally like a flat tax but why not this one? bob: it goes too deep in income. well too deep in income. the cut off ought to be at least $20,000 a year or higher. having said that, i don t like the idea what is taxed is wages and earnings. what is not taxed here is investment income, things only rich people get. that bothers me. you go after the people who work and then you have no tax for people making all of their money on the stock market. or selling the phony junk bonds. having said that, the bigger problem he has got here is
republicans don t believe you can tax your way back to either a balanced budget or to a stronger economy. i m not worried about this new committee recommending tax increases. they will be voted down in the house. i worry about reports like s&p, while they said we remain neutral on revenue issues. they said the way we keep this rating is for the super committee to create more savings and for the bush tax cuts to expire on two of our pro-growth tax brackets. i think is a mistake. we are going to focus on the spending side. jamie: the s&p was clear, they wanted more revenue in this plan or down the road. i wonder whether you think the white house will come up with a proposal for more stpeupl or more spending? another way to stimulus or more spending? another way get money out there for programs that will cost us more what would you do if that happened? we are going to reject another round of stimulus, it has failed.
more tax money to washington, washington just spends it. what we need to do is grow the economy in a way that we have more people at work, and that will help deal with revenue issues. but i think to raise taxes on the job creators in this country, just hurts our jobs market and our economy even more so, and that s the wrong direction to go. washington dug this hole. it s not the people that create the jobs in the country that put us in this situation. alisyn: senator john barrasso, thank you very much for coming in, with what you plan to do in the coming weeks. thanks alisyn. bill: while america waits on the senate, the senate takes a 2-week vacation! yippe. great work if you can get it. happening now , jon scott, what s going on? jon: how do i get one of those jobs? in a minute, startling new details from a wickileaks dump, including what the terrorists of 9/11 were up