CareerBuilder + Monster file for bankruptcy, plan to sell businesses, citing challenging economic environment.

From Yahoo Finance: 2025-06-24 09:32:00

CareerBuilder + Monster, once leaders in online recruitment, filed for Chapter 11 bankruptcy protection. They plan to sell their businesses, including job board operations to JobGet and software services to Valsoft. The company has $50-100 million in assets and $100-500 million in debts. They are securing $20 million in financing to continue operating during bankruptcy. CEO Jeff Furman cites a challenging economic environment as a reason for the sale. Competition from other job platforms has also impacted the company, which is owned by Apollo Global Management and Randstad. Advised by AlixPartners and Latham & Watkins, CareerBuilder + Monster looks to maximize value and preserve jobs through the sale process.



Read more at Yahoo Finance: CareerBuilder + Monster, which once dominated online job boards, file for bankruptcy