Job Search Neighborhood Careerbuilder + Monster Files for Chapter 11 Financial catastrophe

On-line Job Search Neighborhood Careerbuilder + Monster Filed for Chapter 11 Financial catastrophe, The Chicago-Based utterly utterly Firm Stated on Tuesday, Weeks after it announced mass Layoffs and vegetation to cease its loop headquarters.

Careerbuilder + Monster ALSO ANNOUNCED PLANS TO SELL ITS CAREER LISTINGS TO JOBGET, A BOSTON-Based utterly utterly Job Search App, Acciting to Its Financial catastrophe in US Financial catastrophe Courtroom in Delaware.

IT ALSO PLANS TO SEll Monster Authorities Services and products, Provider of Human Resources Tool for Tell and Federal Governments, Valsoft Corp., A Canadian Tool Firm. Monster Media Properties, Including Websites Navy.com and Fastweb.com, Will Be Sold to Valnet, A Canadian Publishing and Media Funding Firm.

Careerbuilder + Monster Will Prick 390 Jobs by August 4, Acciting to a June 5 Filing Below the Illinois Employee Adjustment and Retraining Notification Act. This could well Shut it train of job at 200 N. La Salle St., CEO Jeff Furman Stated in a June 5 Letter to Workers.

The Firm Has Helped Job Seekers and Employers Connect for Extra than 25 Years, Furman Stated in a Facts Liberate on Tuesday. “Howver, Savor Many Others in the Alternate, Our Alternate Has Been Affective by a Difficult and Unsure Macroeconomic Atmosphere … This Courtroom-Supervised Sale is the superb pathard Maximizing the Value Companies and Preserving Jobs.”

Careerbuilder + Monster is finalizing $ 20 million in financing from Blue Torch Torch Capital to Defend Working Below Financial catastrophe Safety, Acciting to the Facts Liberate.

“We’re Making No longer easy But Crucial Choices to Decrease Costs and Encourage Ensure A Seamless Transition of Our Companies,” Furman Stated. “As a Firm in the Alternate of Of us and Talent Administration, Cutting back Our Group is Continuously a Painful Step.”

Careerbuilder + Monster Is Seeking Courtroom Authorization to Continue Operations, Including Paying Employs Wages and Offering Advantages.

Careerbuilder, Based utterly utterly in Chicago, Merged with Massachusetts-Based utterly utterly Monster in September 2024. Careerbuilder is Owned by Managed by Affiliates of Apollo Global Administration, The Inside of most Equity Firm.