On June 24, 2025, CareerBuilder + Monster, a major player in online recruitment, filed for Chapter 11 bankruptcy protection in Delaware and plans to sell its job board operations to JobGet and its software services business to Valsoft.
The Chicago-based company, formed by the September 2024 merger of CareerBuilder and Monster, also agreed to sell its military.com and fastweb.com websites to Valnet, with buyers acting as “stalking horse” bidders pending better offers.
Court filings reveal CareerBuilder + Monster holds $50 million to $100 million in assets against $100 million to $500 million in debts. The company has secured $20 million in financing to sustain operations during bankruptcy. Chief Executive Jeff Furman cited a “challenging and uncertain macroeconomic environment” as the reason for the filing, stating that a court-supervised sale would maximise value and preserve jobs.
Careerbuilder + Monster, a firm that brought together early trailblazers in online job recruiting, filed for bankruptcy protection in Delaware on Tuesday as business continues to shrivel https://t.co/yv9xAcvZEM
— Bloomberg (@business) June 24, 2025The company’s core business, the job board, will be sold to JobGet, known for its gig worker app. The software services division, serving federal and state governments, will go to Canadian firm Valsoft. Military.com and fastweb.com will transfer to Canadian media company Valnet. Sale terms remain undisclosed.
Once industry leaders, CareerBuilder and Monster have faced growing competition from job aggregators and social platforms like LinkedIn. The merger aimed to strengthen their market position, but ongoing challenges, including economic uncertainty, led to the bankruptcy filing.
Online job site pioneer CareerBuilder + Monster files for bankruptcy https://t.co/JSh1x2TbCh pic.twitter.com/IbgeMCFD5A
— New York Post (@nypost) June 24, 2025The bankruptcy reflects broader shifts in the online recruitment industry, where platforms must adapt to changing worker preferences and technological advancements. The sale to JobGet, focused on gig work, and Valsoft, a software firm, signals a pivot toward specialised markets. The fate of military.com and fastweb.com under Valnet could reshape their career and education services roles.
