Recruitment website Monster goes bankrupt
CareerBuilder + Monster, once one of the largest companies in the online recruitment industry, filed for bankruptcy protection on Tuesday.
The company plans to sell off parts and liquidate what remains, according to news agency Reuters.
No statement has yet been published on the portals’ websites, but company leadership told the news agency that “the macroeconomic environment is uncertain and challenging.”
That could be another way of saying that competition from Indeed and LinkedIn has become too fierce. A year ago, co-owner Randstad decided to merge CareerBuilder and Monster. That was supposed to create the third-largest job platform in the US. However, the plan did not deliver the hoped-for results.
At the end of 2024, it was decided to divest the American portals.
The software of CareerBuilder + Monster is being sold to Canadian software company Valsoft, and the websites military.com and fastweb.com to Canadian media company Valnet.
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