CareerBuilder + Monster filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, citing a challenging economic environment.
The company has entered into asset purchase agreements with three companies for selling parts of the business as part of the bankruptcy sale process.
The bankruptcy comes a year after Monster and CareerBuilder announced plans to merge to benefit from shared resources and solutions. The merger was completed in September 2024.
CareerBuilder + Monster is also completing the sale process with three companies and working on debtor-in-possession financing to continue operations during bankruptcy.