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Online Job Listing Company Careerbuilder + Monster on Tuesday filed chapter 11 for bankruptcy protection.
The Chicago -based company, formed by the sequence of careers and the September merger of the monster, stated that it agreed to sell its job board, its most recognizable business, Jobgate, with an app for the so -called gig workers.
Monster, both of them, “have worked to change the recruitment industry for 30 years”, its website said. According to its website, Carerybuilder has been in business for more than 20 years.
“For more than 25 years, we have been a proud global leader in helping job seekers And companies combine employment around the world and empower them, “Career Builder + Monster CEO Jeff Furman said in a statement.
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A “Now Hiring” sign sits next to the Jif Lube booth during the Mega Jobnususa South Florida Job Fair held on 30 April 2025 at Sunrise, American Bank Arena in Florida. (Joe Redal / Getty Images)
“However, like many other people in the industry, our business has been affected by a challenging and uncertain macroeconomic environment. In the light of these conditions, we launched a strong sales process and carefully evaluated all the available options. We determined that starting this court-converted sales process is the best way to maximize the value of our businesses and preserve the jobs.”
Carearybuilder + Monster, currently private equity firm Apollo Global Management and Dutch Staffing Company Randstad, which canady software company Valsoft, and Cillatiil.com and Fastweb.com and Fastweb.com websites for federal and FastWeb.com websites for federal and fastest service business for websites. Agreed.
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People visit the Cox Media Booth at the Amega Jobususa South Florida Job Fair in Sunrise, Florida on 30 April 2025. (Joe Redal / Getty Images)
Buyers agreed to act as “staring horses” bidders with sales under better proposals. The conditions were not disclosed.
Insolvency Delaware was filed in the district. The filing received by Fox Business, the company’s assets are estimated as $ 100–500 million with an estimated liabilities between $ 50–100 million.
Micha Graham, Center, 30 April, 2025 inquiries about jobs in tritton recovery during the Mega Jobususa South Florida Job Fair held on 30 April 2025 at the American Bank Arina in Florida. (Joe Redal / Getty Images)
The company is completing a $ 20 million financing to work in bankruptcy.
The company has struggled with competition with other job platforms, including aggregators and Social media According to published reports, websites like LinkedIn.
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| Apo.n | no data available | , | , |
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Reuters contributed to this report.
