They boys are talkin' CareerBuilder and Monster merging this week. The deal is expected to close in Q3 and is subject to regulatory approvals. This merger comes as both companies have faced challenges in recent years, with CareerBuilder being sold off in pieces by Apollo and Monster struggling to revive its brand under Randstad's guidance. It remains to be seen how this merger will impact the job board industry and the competition with Indeed, LinkedIn and others.
They also talk about Phenom's acquisition of Tidy and its implications for the applicant tracking system space. The conversation then shifts to LinkedIn's new AI features and the controversy surrounding them, as well as the emergence of Unikon.ai as a potential competitor to LinkedIn in India. Finally, they discuss a lawsuit in Florida challenging a new law that raises the age requirement for strippers, er, adult entertainment workers.
Chapters
00:00 - CareerBuilder and Monster Merger
17:09 - Challenges and Timing
18:03 - Impact on the Job Board Industry
19:50 - Competition with Indeed and LinkedIn
20:02 - Apollo's Strategy
20:52 - Monster's Struggle
27:55 - Phenom's Expansion into the ATS Space
34:42 - LinkedIn's AI Features
40:07- -Unikon: A Competitor to LinkedIn
45:23 - Challenging Florida's Law on Adult Entertainment Workers
Keywords
CareerBuilder, Monster, merger, Apollo Global Management, job board, acquisition, staffing, competition, Indeed, LinkedIn, Monster, StepStone, acquisition, Phenom, Tidy, applicant tracking system, LinkedIn, AI features, Unikon, professional networking, Florida, strip clubs, adult entertainment workers