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On-line job itemizing firm CareerBuilder + Monster filed for Chapter 11 chapter safety on Tuesday.
The Chicago-based firm, shaped by the September merger of CareerBuilding and Monster, stated it agreed to promote its job board operations, its most recognizable enterprise, to JobGet, which has an app for so-called gig employees.
Monster, the older of the 2, “has labored to remodel the recruiting business” for 30 years, its web site stated. CareerBuilder has been in enterprise for over 20 years, in keeping with its web site.
“For over 25 years, we’ve been a proud international chief in serving to job seekers and firms join and empower employment throughout the globe,” Jeff Furman, CEO of CareerBuilder + Monster, stated in a press release.
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A “Now Hiring” signal sits subsequent to the Jiffy Lube sales space in the course of the Mega JobNewsUSA South Florida Job Truthful held within the Amerant Financial institution Area on April 30, 2025 in Dawn, Florida. (Joe Raedle / Getty Photos)
“Nonetheless, like many others within the business, our enterprise has been affected by a difficult and unsure macroeconomic surroundings. In gentle of those situations, we ran a strong sale course of and thoroughly evaluated all obtainable choices. We decided that initiating this court-supervised sale course of is the most effective path towards maximizing the worth of our companies and preserving jobs.”
CareerBuilder + Monster, at present owned by personal fairness agency Apollo World Administration and Dutch staffing firm Randstad, additionally agreed to promote its software program companies enterprise for federal and state governments to Canadian software program firm Valsoft, and the army.com and fastweb.com web sites to Canadian media firm Valnet.
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Individuals go to the Cox Media sales space on the Mega JobNewsUSA South Florida Job Truthful held within the Amerant Financial institution Area on April 30, 2025 in Dawn, Florida. (Joe Raedle / Getty Photos)
The consumers agreed to behave as “stalking horse” bidders, with gross sales topic to raised presents. The phrases weren’t disclosed.
The chapter was filed within the district of Delaware. The submitting, obtained by FOX Enterprise, estimates the corporate’s belongings as between $50-100 million, with estimated liabilities at $100-500 million.
Mitch Graham, middle, inquires about jobs at Triton Restoration in the course of the Mega JobNewsUSA South Florida Job Truthful held within the Amerant Financial institution Area on April 30, 2025 in Dawn, Florida. (Joe Raedle / Getty Photos)
The corporate is lining up $20 million of financing to maintain working in chapter.
The corporate has struggled with competitors from different job platforms, together with aggregators and social media web sites corresponding to LinkedIn, in keeping with printed experiences.
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| APO.N | NO DATA AVAILABLE | – | – | – |
| RAND.AS | NO DATA AVAILABLE | – | – | – |
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Reuters contributed to this report.
