CareerBuilder+Monster: Iconic Recruitment Brands for Sale Amid Layoffs
Deal News | Jun 12, 2025 | Aim Group
CareerBuilder+Monster, a former leader in the recruitment vertical, is undergoing significant restructuring with the shutdown of its Chicago headquarters, resulting in 390 layoffs. The sale of the company is underway, handled by owners Apollo Global Management and Ontario Teachers Pension Plan Board. Industry reactions to the layoffs highlight poor handling of communications, raising criticism over insensitive management. Despite decreased traffic and declining metrics, the brand retains potential appeal to buyers like ZipRecruiter, interested in bolstering its enterprise client base. Speculations arise on potential buyers, including notable industry players eyeing a revival through strategic reinvention.
Sectors
- Recruitment and Staffing
- Private Equity
- Human Resources
Geography
- United States – The headquarters affected by the shutdown is in Chicago, USA, and the recruitment services primarily serve the U.S. market.
- India – The company maintains significant overseas operations in India.
Industry
- Recruitment and Staffing – The article involves CareerBuilder+Monster, both significant players in the recruitment industry.
- Private Equity – Apollo Global Management and Ontario Teachers Pension Plan Board are involved, both significant investment firms.
- Human Resources – Critique of the handling of layoffs suggests implications within HR practices and policies.
Financials
- 142 million – 2023 North America revenue of Monster.
- Less than 100 million – 2023 North America revenue of CareerBuilder.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CareerBuilder LLC | Target Company | Companies | A leading recruitment marketplace, currently undergoing sale and restructuring. |
| Monster Worldwide LLC | Target Company | Companies | A recruitment marketplace integrated with CareerBuilder, known for its established brand. |
| Apollo Global Management | Current Owner | Companies | A major private equity firm owning CareerBuilder+Monster. |
| Ontario Teachers Pension Plan Board | Current Owner | Companies | Co-owner of CareerBuilder+Monster, involved in managing the sale process. |
| ZipRecruiter | Potential Buyer | Companies | A recruitment vertical potentially interested in purchasing CareerBuilder+Monster. |
| Randstad | Stakeholder | Companies | A staffing and recruitment firm previously involved with financial information regarding Monster and CareerBuilder. |