CareerBuilder + Monster job search board files for Chapter 11 bankruptcy, selling operations
From Yahoo Finance: 2025-06-24 14:15:00
CareerBuilder + Monster filed for bankruptcy in Delaware, with assets ranging from $50M to $100M and liabilities from $100M to $500M. The company plans to sell its operations, including the jobs board business to JobGet Inc., Monster Media Properties to Valnet Inc., and Monster Government Services to Valsoft Corp.
CEO Jeff Furman stated that CareerBuilder + Monster has been affected by challenging economic conditions, leading to the decision to file for bankruptcy. The company plans to restructure, potentially reducing its workforce, and is seeking up to $20 million in debtor-in-possession financing from Blue Torch Capital.
Monster, which merged with CareerBuilder in 2024, struggled with declining subscription renewals post-pandemic. CareerBuilder’s revenue fell by 40% in 2024 to $49.2 million. The company, owned by Apollo Global Management, saw a decrease in sales despite the merger creating a mega job board.