Last week news broke that global recruitment company Randstad bought job board giant Monster, and the recruiting blogosphere is abuzz with discussion.
Founded in 1999, Monster.com was one of the earliest online job boards and remains notable for having stayed in the game this long. Randstad is a multinational recruiting and staffing company with 29,000 employees of their own.
Monster’s stock value has fluctuated in the past and has been in decline in recent years. The sale to Randstad has come in at a price far below their estimated value in previous years, which leads to three big questions about the deal.
- What went wrong with Monster?
- What does Randstad get out of the deal?
- What does it mean for job boards that one of the earliest and oldest disappears?