Overview
- Delaware court filings list the company’s assets at $50 million to $100 million and liabilities at $100 million to $500 million.
- CareerBuilder and Monster merged in September 2024 but saw revenue fall almost 40% last year as newer platforms such as Indeed and LinkedIn gained market share.
- JobGet Inc. serves as the stalking-horse bidder for the job board unit, with all sales subject to higher and better offers.
- Valsoft Corp. is slated to acquire the Monster Government Services software arm and Valnet Inc. will purchase the media properties including Military.com and Fastweb.com.
- Restructuring plans include workforce reductions that CEO Jeff Furman said will help reduce costs and ease the transfer of business units to new owners.