Facebook’s aggregator, Monster layoffs, and other job board industry news
Ok, the election is in the rearview mirror, winter is looming, and I bet you haven’t gotten all of your Christmas presents yet! Nevertheless, things keep happening in the job board world. For example:
- Facebook launches their
job boardaggregator: Facebook launched its long-awaited initiative into online recruiting via a ‘social jobs partnership’ featuring aggregated listings from BranchOut, Work4Labs, Jobvite, Monster, and DirectEmployers. - Beyond buys JobCircle: Beyond.com, one of the largest job board networks, acquired JobCircle, a job board network focused in the Mid-Atlantic. This was the first acquisition for Beyond since 2010.
- Monster has layoffs – again: Monster closed operations in Brazil and Mexico, and laid off an estimated 800 personnel.
- LinkedIn beats expectations for Q3: LinkedIn generated $252M for Q3 and raised revenue expectations for the year. However, user engagement numbers still trail Facebook and Google.
- Acquisition suits Indeed: The aggregator announced plans to hire 90 people in their Austin office.
- Evenbase invests in startup: Evenbase, owner of Jobsite.com, announced a minority investment in Workana, an online marketplace for freelance and remote workers focused on Latin America.
- GlassDoor raises more moolah: Company review and social recruiting company GlassDoor rasied $20M in Series D funds. The money was to be used for increased sales and international growth.
- SimplyHired gets a new CEO: Gautam Godhwani, founder and CEO of SimplyHired, exited his position to be replaced by Yahoo! veteran James Beriker. This was the second major shakeup for SimplyHired in the past year.
- Indeed gets a new CEO: Rony Kahan, co-founder of Indeed, became CEO after Paul Forster relocated to London and a new title – Senior Advisor.
That’s it for now folks – see you soon!
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There certainly appears to be some high-level chess playing in our industry, Jeff. Personally, I reckon there’s an unsubstainable valuation bubble building, especially with regard to LinkedIn, Indeed and Glassdoor, amongst others. Very interesting to see global and Atlantic-crossing plays too.
From my perspective, it’s especially good to see that innovation, (or attempts at it) is as present as ever, as startups can see the potential in challenging the creaking job board model.