Monster.com and CareerBuilder File for Bankruptcy Amid Financial Struggles

Monster.com, a pioneering job website, has filed for Chapter 11 bankruptcy in Delaware bankruptcy court, along with CareerBuilder. The company, owned by Apollo Global Management and Randstad, has $50 million to $100 million in assets and $100 million to $500 million in debts. It plans to sell its job board operation to JobGet, software services to Valsoft, and websites to Valnet.

CareerBuilder + Monster, a prominent player in the online recruitment industry, has filed for Chapter 11 bankruptcy protection in Delaware bankruptcy court. The company, formed through the September merger of CareerBuilder and Monster, has announced plans to sell its assets to maximize value and preserve jobs. The filing, obtained by FOX Business, estimates the company's assets as between $50 million and $100 million, with estimated liabilities at $100 million to $500 million [1].

The company, owned by private equity firm Apollo Global Management and Dutch staffing company Randstad, has agreed to sell its job board operations, its most recognizable business, to JobGet, a company that specializes in gig workers. Additionally, CareerBuilder + Monster will sell its software services business for federal and state governments to Canadian software company Valsoft, and the military.com and fastweb.com websites to Canadian media company Valnet [2].

The buyers have agreed to act as "stalking horse" bidders, with sales subject to better offers. The terms of the sale were not disclosed. The company is lining up $20 million in financing to keep operating during the bankruptcy process [1].

In a statement, Chief Executive Jeff Furman attributed the bankruptcy to a "challenging and uncertain macroeconomic environment." He stated that a court-supervised sale process was the best way to maximize the value of the company's businesses and preserve jobs [2].

The filing comes as the company has struggled with competition from other job platforms, including aggregators and social media websites such as LinkedIn. The bankruptcy filing is a significant development in the online recruitment industry, highlighting the challenges faced by established players in the face of digital disruption [1].

References:
[1] https://www.foxbusiness.com/economy/online-job-listing-company-careerbuilding-monster-files-bankruptcy
[2] https://nypost.com/2025/06/24/business/online-job-site-pioneer-careerbuilder-monster-files-for-bankruptcy/