ZipRecruiter

Last updated
ZipRecruiter
Logo of ZipRecruiter.png
Type of site
 Public
Traded as NYSE:  ZIP
Founded2010
Headquarters Santa Monica, California
OwnerZipRecruiter, Inc.
Founder(s) Ian Siegel
Joe Edmonds
Ward Poulos
Will Redd
Key peopleIan Siegel (CEO)
Industry Employment websites
Revenue Increase2.svg US$418.1 million (2020) [1]
Employees1,000 [2]
URL ziprecruiter.com

ZipRecruiter is an American employment marketplace for job seekers and employers. [3] [4] [5] [6] [7] [8]

Contents

The company is headquartered in Santa Monica, California [9] with offices in Tempe, AZ; [10] London, UK and Tel Aviv, Israel. [11] [12] [13] [14]

History

ZipRecruiter was founded in 2010 by Ian Siegel, [15] Joe Edmonds, Ward Poulos and Will Redd. [16] [17]

In June 2015, as the company began growing, they opened an R&D center in Israel and in 2018, claimed to have developed an artificial intelligence algorithm to increase the accuracy of job seeker/employer matches. [18] [19] [4]

In 2017, Facebook also partnered with the company and integrated ZipRecruiter into its platform. [20] [21]

In 2018, the company reported that over 1.5 million businesses and 430 million job seekers used its platform. [22]

In December 2018, the company's users' names and email addresses were exposed in a data breach. [23] [24] ZipRecruiter claimed that they were able to fix it within 90 minutes after the technical glitch was reported. [23]

In March 2019, ZipRecruiter began operating in Canada. [25] [26]

In April 2021, the company filed for a Direct Listing. The company went public on May 26, 2021. [27]

In September 2021, ZipRecruiter signed a one-year deal with UFC for a "low seven-figure fee". [28]

In May 2023, ZipRecruiter announced it laying off 20% of its staff, about 270 roles. [29]

Funding

ZipRecruiter delayed raising venture capital until 2014, when the company's first round of financing of $63 million was led by IVP. [30]

In October 2018, the company raised $156 million for its online employment marketplace, which brought its total funding to $219 million. [31] [32] Blake Irving, Cipora Herman, and Emilie Choi were added as new members to its board. [33] The October 2018 raise was at a valuation of $1 billion. [34] [35] [36] [37] [38]

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References

  1. ↑ ZipRecruiter files for direct listing on NYSE: 2020 saw profitability despite 3% decrease in revenue - AIM Group
  2. ↑ "Forbes Companies". Forbes. Retrieved 17 May 2019.
  3. ↑ "Growth spurt pushes ZipRecruiter into bigger digs". American City Business Journals . 13 June 2018. Retrieved 2019-03-05.
  4. 1 2 Bonn, Tess (2018-09-20). "ZipRecruiter CEO downplays threat of artificial intelligence on job market". The Hill . Retrieved 2019-03-05.
  5. ↑ Libassi, Matthew (2016-08-23). "ZipRecruiter: From the Kitchen Table to the Big Time". FOXBusiness . Retrieved 2019-03-05.
  6. ↑ "For job seekers, search is out, 'curation' is in". USA TODAY . Retrieved 2019-03-05.
  7. ↑ "ZipRecruiter announces AI tool that matches businesses with ideal job candidates". VentureBeat . 2018-06-14. Retrieved 2019-03-05.
  8. ↑ King, Peter (February 10, 2019). "These apps can aid in your job search". Newsday . Retrieved 2019-03-05.
  9. ↑ Schleifer, Theodore (2018-02-06). "ZipRecruiter is raising money for the first time in almost four years". Recode . Retrieved 2019-03-05.
  10. ↑ "ZipRecruiter hiring more than 200 in Tempe". American City Business Journals . 30 January 2017. Retrieved 2019-03-05.
  11. ↑ Danney, Micah. "Israel tech team grows as it drives US jobs site expansion". The Times of Israel . Retrieved 2019-03-05.
  12. ↑ "ZipRecruiter expands in Tempe, continues hiring". USA TODAY . Retrieved 2019-03-05.
  13. ↑ "Northern Virginia Media Services partners with ZipRecruiter". INSIDENOVA.COM. Retrieved 2019-03-05.
  14. ↑ Orbach, Meir (2018-05-29). "ZipRecruiter Expands Israeli Research and Development Center". CTECH - www.calcalistech.com. Retrieved 2019-03-05.
  15. ↑ White, Ronald D. (2018-11-23). "ZipRecruiter's Ian Siegel uses artificial intelligence to disrupt industry". SFGate . Retrieved 2019-03-05.
  16. ↑ Walker, Rob (2016-07-08). "Getting Past the First Cut With a Résumé That Grabs Digital Eyes". The New York Times . ISSN   0362-4331 . Retrieved 2019-03-05.
  17. ↑ Ellingson, Annlee (31 March 2015). "Q&A: With ZipHire, ZipRecruiter moves toward becoming a full-service HR platform". The Business Journals . Retrieved 2019-03-05.
  18. ↑ White, Ronald D. (11 November 2018). "Ian Siegel employs artificial intelligence to disrupt the job recruitment industry". Los Angeles Times . Retrieved 2019-03-05.
  19. ↑ "Column: ZipRecruiter turned hiring into a beauty pageant where everyone loses". PBS NewsHour . 2017-08-29. Retrieved 2019-03-05.
  20. ↑ Cohen, David. "Another Shot at LinkedIn? Facebook Integrates Job Listings From ZipRecruiter". Adweek . Retrieved 2019-03-05.
  21. ↑ "Facebook partners with ZipRecruiter and more aggregators as it ramps up in jobs". TechCrunch . 28 September 2017. Retrieved 2019-03-05.
  22. ↑ Lusinski, Natalia. "7 Apps That Will ACTUALLY Help You Find A Job". Bustle . Retrieved 2019-03-05.
  23. 1 2 Speed, Richard. "ZipRecruiter has been flying low: User email addresses exposed to unauthorised accounts". Theregister.co.uk . Retrieved 2019-03-05.
  24. ↑ "New Jersey Woman Targeted By Scam Artist On Popular Job Site ZipRecruiter". WCBS-TV . 2018-08-31. Retrieved 2019-03-05.
  25. ↑ "ZipRecruiter Expands Into Canada to Connect Talent to Opportunity". www.hrtechnologist.com. Retrieved 2019-08-02.
  26. ↑ Blum, Brian. "ZipRecruiter expands to Canada". AIMGroup.
  27. ↑ "ZipRecruiter Announces Filing of Registration Statement for Proposed Public Direct Listing of Its Class A Common Stock". ZipRecruiter. 2021-04-23. Retrieved 2021-06-28.
  28. ↑ "UFC renews "eight-figure" Modelo deal". SportsPro. 2021-09-02. Retrieved 2021-09-20.
  29. ↑ "ZipRecruiter Cuts 20% of Workforce in Latest Tech-Sector Layoffs". Bloomberg.com. 2023-05-31. Retrieved 2023-05-31.
  30. ↑ Gage, Deborah (2014-08-26). "ZipRecruiter Raises $63M To Make Jobs Easier to Find and Fill". Wall Street Journal . ISSN   0099-9660 . Retrieved 2019-03-05.
  31. ↑ "ZipRecruiter now valued at $1.5 billion". bizjournals.com . Retrieved 2019-03-05.
  32. ↑ "ZipRecruiter picks up $156M, now at a $1B valuation, for its AI-based job-finding marketplace". TechCrunch . 4 October 2018. Retrieved 2019-03-05.
  33. ↑ "ZipRecruiter adds ex-Facebook, LinkedIn, GoDaddy execs to board". The Business Journals . Retrieved 2019-03-05.
  34. ↑ Dignan, Larry. "ZipRecruiter raises $156 million in VC funding and here's where AI fits". ZDNet . Retrieved 2019-03-05.
  35. ↑ "ZipRecruiter Is Valued at $1.5 Billion in a Bet on AI Hiring". Bloomberg.com. 2018-10-04. Retrieved 2019-03-05.
  36. ↑ "ZipRecruiter Raises $156 Million | Los Angeles Business Journal". Los Angeles Business Journal . 4 October 2018. Retrieved 2019-03-05.
  37. ↑ "ZipRecruiter raises $156 million to match job candidates with employers". VentureBeat . 2018-10-04. Retrieved 2019-03-05.
  38. ↑ Geron, Tomio (2018-10-04). "ZipRecruiter Raises $156 Million at Valuation Above $1 Billion". Wall Street Journal . ISSN   0099-9660 . Retrieved 2019-03-05.
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