Glassdoor, the Iconic Job-Hunting and Reviews Website, Has Been Bought For $1.2 billion (recode.net)

Glassdoor, the popular job-hunting platform that gives people a window into conditions at hundreds of thousands of companies, has agreed to be acquired by Japan's Recruit Holdings for $1.2 billion cash. From a report: Recruit Holdings, a large Japanese human resources company that owns other job sites like Indeed, spent eight figures in cash to acquire the decade-old company. Glassdoor hadn't raised new money in about two years, when it was valued by investors at around $860 million, so it likely needed to decide whether to raise more money, sell or try to go public. The company reportedly was at least considering an IPO in the second half of 2018 and was interviewing banks that could take them there.

Comments

Slightly better than a screen-scrape

[damn_registrars]

I found before that glassdoor was occasionally a good source for jobs that were open, and often a good source for jobs that were no longer open. The problem that it won't solve - that no other website I'm aware of is doing anything to solve - is that of getting applications read by actual human beings. Employers more often than not have a blind loyalty to using algorithms (that more often than not are employed by HR people who don't understand them) to quickly filter out applications. The result of this is that many qualified job seekers never get a chance to talk to anyone.