Archive · 24 Jun 2025
CareerBuilder Monster Files for Bankruptcy Protection
CareerBuilder Monster, which helped people find jobs online early on, is in trouble.
They've asked for help from the government (filed for Chapter 11) so they can try to sell their business and pay back what they owe.
They plan to sell different parts of the company to different buyers.
A company called JobGet Inc.
might buy the job board part, while Valnet Inc.
and Valsoft Corp.
are interested in other parts.
The company is also trying to get a loan and will reduce its workforce as part of their plan to get back on track.
CareerBuilder Monster, a firm in online job recruiting, filed for bankruptcy.
The company aims to facilitate a sale of operations through Chapter 11.
CareerBuilder and Monster were merged last year.
JobGet Inc., Valnet Inc., and Valsoft Corp. are potential buyers.
CareerBuilder Monster is in talks for debtor-in-possession financing and workforce reduction is planned.
- Who
- CareerBuilder Monster, a joint venture of CareerBuilder and Monster, filed for bankruptcy.
- What
- CareerBuilder Monster filed for bankruptcy.
- When
- The bankruptcy filing occurred recently.
- Where
- Delaware.
- Why
- Business is shrinking, and the company needs to reorganize to facilitate a sale of its operations.
- Company
- CareerBuilder Monster
- Filing Type
- Chapter 11 bankruptcy
- Location
- Delaware
- Goal
- Facilitate a sale of operations
- Potential Buyers
- JobGet Inc., Valnet Inc., Valsoft Corp.
- Financing
- Seeking up to $20 million
- Shareholders
- Apollo Global Management Inc. (controlling stake), Randstad NV (minority shareholder)