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In a surprising move that’s set to shake up the online recruitment industry, two pioneering U.S.-based job board companies, Monster and CareerBuilder, have announced their intention to combine operations.
This strategic merger aims to create a formidable entity capable of challenging current market leaders Indeed and ZipRecruiter.
The news was jointly announced by Randstad, the Netherlands-based staffing giant and parent company of Monster, and Apollo Global Management, the private equity firm that owns CareerBuilder.
Under the terms of the agreement, Apollo will become the controlling shareholder, effectively signaling Randstad’s exit from the job board business.
A New Chapter for Two