Monster and CareerBuilder, once dominant job search platforms of the dot-com era, have filed for bankruptcy, a report by CNN said on Tuesday. The two companies, which merged last year into Monster + CareerBuilder, announced they will sell parts of their businesses to multiple buyers through a court-supervised process.
Jeff Furman, CEO of the merged company, said the business had been hit by “a challenging and uncertain macroeconomic environment” and that “initiating this court-supervised sale process is the best path toward maximizing the value of our businesses and preserving jobs.”
Once industry leaders, with Monster famously advertising during the Super Bowl, both companies saw their relevance decline as newer competitors…