The Daily Feather — CareerBuilder + Monster = Chapter 11
September 16, 2024. “The combination of CareerBuilder and Monster brings together two strong, trusted, complementary brands to create a job board with greater scale and reach. Together, both companies can more effectively capitalize on prevailing trends in the market to deliver enhanced growth. Jeff Furman, CEO of the combined company, said: ‘I could not be more excited to bring these two celebrated brands together. We are able to leverage the best-in-class solutions, capabilities, and expertise from both companies to better serve both our candidates and employers and help them navigate the evolving talent marketplace.’”
June 24, 2025. “CareerBuilder + Monster initiated a voluntary Chapter 11 process in the U.S. Bankruptcy Court for the District of Delaware. Jeff Furman, CEO of CareerBuilder + Monster, said ‘For over 25 years, we have been a proud leader in helping job seekers and companies connect and empower employment across the globe. However, like many others in the industry, our business has been affected by a challenging and uncertain macroeconomic environment…As a company in the business of people and talent management, reducing our workforce is always a painful step to take.’”
From marrying “two celebrated brands” to “painful steps” in nine short months. The micro afflicting the macro is not isolated to the collapse of CareerBuilder + Monster. Americans are keenly aware that job opportunities aren’t what they used to be either. Yesterday’s Conference Board (Conf Bd) Consumer Confidence report stated that households’ “appraisal of current job availability weakened for the sixth consecutive month” and consumers “were more pessimistic about business conditions and job availability over the next six months.”