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CareerBuilder and Monster File for Chapter 11 Bankruptcy With $100-500 Million Liabilities After 2024 Merger

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Updated Jul 2, 2025, 06:28 AM

CareerBuilder and Monster, two pioneering online job recruitment platforms, filed for Chapter 11 bankruptcy protection in Delaware on June 24, 2025, less than a year after their merger in 2024. The merged entity, CareerBuilder + Monster, cited a decline in subscriptions following the COVID-19 pandemic peak, a slowdown in corporate hiring, and increased competition from AI-driven hiring tools as key factors contributing to its financial distress. The company disclosed liabilities ranging between $100 million and $500 million and announced plans to sell off its business operations. Multiple stalking horse bidders have reportedly lined up to acquire various assets. The bankruptcy filing follows recent mass layoffs and the planned closure of its Loop headquarters. CareerBuilder and Monster were once dominant players in the online recruitment industry during the dot-com era but have struggled to maintain their market position amid evolving hiring technologies and market conditions.

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