Monster, CareerBuilder file for bankruptcy
(CNN, KYMA/KECY) - Job board websites Monster and CareerBuilder have filed for bankruptcy after merging last year.
At the height of their popularity, the two websites ruled the online job board sphere in the late 90s and early 2000s.
The emergence of websites like LinkedIn and Glassdoor have since dethroned the former leaders in online job searching.
Executives are taking the necessary steps to ensure a seamless transition, including selling their job boards and government software services to several buyers.
