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Yahoo
26-06-2025
- Business
- Yahoo
CareerBuilder + Monster job search board files for Chapter 11 bankruptcy after revenue sinks nearly 40% post-pandemic
CareerBuilder + Monster, an online job-hunting joint venture, announced on Tuesday that it had filed for bankruptcy in Delaware. Kroger is closing 60 stores: See the list of locations that are reportedly shuttering in 2025 so far Humans have irreversibly changed the planet. These photos prove it 10 mistakes leaders make in crisis that break team trust The company initiated the Chapter 11 process to facilitate a sale of its operations, with assets totaling between $50 million and $100 million and estimated liabilities amounting to between $100 million and $500 million, according to its bankruptcy filing. Fast Company has reached out to the company for comment. The bankruptcy plan calls for the assets to be divided up—with the sale of its jobs board business to JobGet Inc., the sale of Monster Media Properties to Valnet Inc. (which includes and and the sale of Monster Government Services to Valsoft Corp. However, the asset sale is subject to other higher offers, according to the press release. 'For over 25 years, we have been a proud global leader in helping job seekers and companies connect and empower employment across the globe,' Jeff Furman, CEO of CareerBuilder + Monster, said in a statement. 'However, like many others in the industry, our business has been affected by a challenging and uncertain macroeconomic environment. 'In light of these conditions, we ran a robust sale process and carefully evaluated all available options. We determined that initiating this court-supervised sale process is the best path toward maximizing the value of our businesses and preserving jobs.' Furman added that CareerBuilder + Monster also plans to restructure, which would include a reduction of its current workforce, and the company is in talks with Blue Torch Capital for up to $20 million of debtor-in-possession financing. Monster, which dominated the internet job search industry starting in the 1990s, merged with then-struggling CareerBuilder in 2024, with Dutch multinational human resource consulting firm Randstad NV taking a minority stake in that business. Owned by Apollo Global Management, CareerBuilder saw a decline in subscription renewals after the pandemic, from which it never recovered. Although the merger created one mega job board, sales continued to decline, with CareerBuilder's revenue falling to $49.2 million in 2024, a 40% drop compared with 2023, according to Moody's Ratings, as reported by Bloomberg. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
25-06-2025
- Business
- CNN
Monster and CareerBuilder, once popular with job seekers, file for bankruptcy
Monster and CareerBuilder, once two of the most popular websites for job seekers at the height of the dot-com era, have filed for bankruptcy. The two sites, which merged last year to become one entity named Monster + CareerBuilder, voluntary filed for Chapter 11 Tuesday, announcing that the company is selling various parts of its businesses to several buyers as part of a court-supervised process, a press release said. Monster and CareerBuilder were some of the biggest companies in the late 1990s and early 2000s, with the former brand so popular that it often bought Super Bowl commercials promoting its services. However, both have fallen out of favor for job hunters with the rise of competitors like Indeed, Glassdoor and Microsoft-owned LinkedIn in recent years. Jeff Furman, CEO of CareerBuilder + Monster, said in statement that its 'business has been affected by a challenging and uncertain macroeconomic environment' and determined that 'initiating this court-supervised sale process is the best path toward maximizing the value of our businesses and preserving jobs.' The most recognizable part of CareerBuilder and Monster — their job boards — is being sold to JobGet, a platform for gig and hourly workers searching for jobs. Monster Government Services, which provides software to state and federal governments, is being sold to Canadian-based Valsoft Corporation. Also, its media division — the two companies own and — is being sold to Canadian media company Valnet. All purchases require court approval, with the sales subject to higher offers. Furman said the company is 'making difficult but necessary decisions to reduce costs and help ensure a seamless transition of our businesses,' including layoffs. It has received $20 million in financing to keep operating during the bankruptcy process. Monster and CareerBuilder, once rivals, merged last year with private equity firm Apollo Global Management taking a minority stake in the company.
CNN
25-06-2025
- Business
- CNN
Monster and CareerBuilder, once popular with job seekers, file for bankruptcy
Monster and CareerBuilder, once two of the most popular websites for job seekers at the height of the dot-com era, have filed for bankruptcy. The two sites, which merged last year to become one entity named Monster + CareerBuilder, voluntary filed for Chapter 11 Tuesday, announcing that the company is selling various parts of its businesses to several buyers as part of a court-supervised process, a press release said. Monster and CareerBuilder were some of the biggest companies in the late 1990s and early 2000s, with the former brand so popular that it often bought Super Bowl commercials promoting its services. However, both have fallen out of favor for job hunters with the rise of competitors like Indeed, Glassdoor and Microsoft-owned LinkedIn in recent years. Jeff Furman, CEO of CareerBuilder + Monster, said in statement that its 'business has been affected by a challenging and uncertain macroeconomic environment' and determined that 'initiating this court-supervised sale process is the best path toward maximizing the value of our businesses and preserving jobs.' The most recognizable part of CareerBuilder and Monster — their job boards — is being sold to JobGet, a platform for gig and hourly workers searching for jobs. Monster Government Services, which provides software to state and federal governments, is being sold to Canadian-based Valsoft Corporation. Also, its media division — the two companies own and — is being sold to Canadian media company Valnet. All purchases require court approval, with the sales subject to higher offers. Furman said the company is 'making difficult but necessary decisions to reduce costs and help ensure a seamless transition of our businesses,' including layoffs. It has received $20 million in financing to keep operating during the bankruptcy process. Monster and CareerBuilder, once rivals, merged last year with private equity firm Apollo Global Management taking a minority stake in the company.
Washington Post
24-06-2025
- Business
- Washington Post
Job recruiting site CareerBuilder + Monster declares bankruptcy
Once the heavyweights of job-recruiting websites during the dot-com boom, CareerBuilder and Monster, filed for Chapter 11 bankruptcy protection Tuesday, almost one year after merging, according to court filings from Delaware. CareerBuilder + Monster is selling off core components of its business, including its job board, according to the company's news release. Three different buyers are slated to take over, unless higher bidders emerge during the Chapter 11 process. The most well-known component, its job board, is in line to be sold to the Boston-based employment recruitment service JobGet Inc.
Fast Company
24-06-2025
- Business
- Fast Company
CareerBuilder + Monster job search board files for Chapter 11 bankruptcy after revenue sinks nearly 40% post-pandemic
The company initiated the Chapter 11 process to facilitate a sale of its operations, with assets totaling between $50 to $100 million and estimated liabilities of some $100 to $500 million, according to its bankruptcy filing. Fast Company has reached out to the company for comment. The bankruptcy plan calls for the assets to be divided up, selling its jobs board business to JobGet Inc.; selling Monster Media Properties to Valnet Inc. (which includes and and transferring Monster Government Services to Valsoft Corp. However, the asset sale is subject to other, higher offers, according to the press release.
