Company:ZipRecruiter

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Short description: Online employment marketplace
ZipRecruiter
Logo of ZipRecruiter.png
Type of site
Public
Traded asNYSE: ZIP
Founded2010
HeadquartersSanta Monica, California
OwnerZipRecruiter, Inc.
Founder(s)Ian Siegel
Joe Edmonds
Ward Poulos
Will Redd
Key peopleIan Siegel (CEO)
IndustryEmployment websites
RevenueIncrease US$418.1 million (2020)[1]
Employees1,000[2]
Websiteziprecruiter.com

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

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]

References

  1. ↑ ZipRecruiter files for direct listing on NYSE: 2020 saw profitability despite 3% decrease in revenue - AIM Group
  2. ↑ "Forbes Companies". https://www.forbes.com/companies/ziprecruiter/#392496f571c8. 
  3. ↑ "Growth spurt pushes ZipRecruiter into bigger digs". 13 June 2018. https://www.bizjournals.com/losangeles/news/2018/06/13/growth-spurt-pushes-ziprecruiter-into-bigger-digs.html. 
  4. ↑ 4.0 4.1 Bonn, Tess (2018-09-20). "ZipRecruiter CEO downplays threat of artificial intelligence on job market" (in en). https://thehill.com/hilltv/rising/407672-ziprecruiter-ceo-ian-siegel-downplays-looming-threat-of-artificial-intelligence. 
  5. ↑ Libassi, Matthew (2016-08-23). "ZipRecruiter: From the Kitchen Table to the Big Time" (in en-US). https://www.foxbusiness.com/features/ziprecruiter-from-the-kitchen-table-to-the-big-time. 
  6. ↑ "For job seekers, search is out, 'curation' is in" (in en). https://www.usatoday.com/story/tech/2016/07/18/mobile-changes-way-we-seek-jobs/84878984/. 
  7. ↑ "ZipRecruiter announces AI tool that matches businesses with ideal job candidates" (in en-US). 2018-06-14. https://venturebeat.com/2018/06/14/ziprecruiter-announces-ai-tool-that-matches-businesses-with-ideal-job-candidates/. 
  8. ↑ King, Peter (February 10, 2019). "These apps can aid in your job search" (in en). https://www.newsday.com/business/technology/tedch-review-job-search-apps-1.26980413. 
  9. ↑ Schleifer, Theodore (2018-02-06). "ZipRecruiter is raising money for the first time in almost four years". https://www.recode.net/2018/2/6/16982230/ziprecruiter-fundraising-financing-50-million. 
  10. ↑ "ZipRecruiter hiring more than 200 in Tempe". 30 January 2017. https://www.bizjournals.com/phoenix/news/2017/01/30/ziprecruiter-hiring-more-than-200-in-tempe.html. 
  11. ↑ Danney, Micah. "Israel tech team grows as it drives US jobs site expansion" (in en-US). http://www.timesofisrael.com/israel-tech-team-grows-as-it-drives-us-jobs-site-expansion/. 
  12. ↑ "ZipRecruiter expands in Tempe, continues hiring" (in en). https://www.usatoday.com/story/news/local/tempe/2017/01/27/ziprecruiter-expands-tempe-continues-hiring/97155078/. 
  13. ↑ "Northern Virginia Media Services partners with ZipRecruiter" (in en). http://www.insidenova.com/news/business/northern-virginia-media-services-partners-with-ziprecruiter/article_855ccd02-34b3-11e7-a201-5f42e752ec7d.html. 
  14. ↑ Orbach, Meir (2018-05-29). "ZipRecruiter Expands Israeli Research and Development Center". https://www.calcalistech.com/ctech/articles/0,7340,L-3739072,00.html. 
  15. ↑ White, Ronald D. (2018-11-23). "ZipRecruiter's Ian Siegel uses artificial intelligence to disrupt industry". https://www.sfgate.com/business/article/ZipRecruiter-s-Ian-Siegel-uses-artificial-13414880.php. 
  16. ↑ Walker, Rob (2016-07-08). "Getting Past the First Cut With a Résumé That Grabs Digital Eyes" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2016/07/10/jobs/getting-past-the-first-cut-with-a-resume-that-grabs-digital-eyes.html. 
  17. ↑ Ellingson, Annlee (31 March 2015). "Q&A: With ZipHire, ZipRecruiter moves toward becoming a full-service HR platform". https://www.bizjournals.com/losangeles/news/2015/03/31/q-a-with-ziphire-ziprecruiter-moves-toward.html. 
  18. ↑ White, Ronald D. (11 November 2018). "Ian Siegel employs artificial intelligence to disrupt the job recruitment industry". https://www.latimes.com/business/la-fi-himi-siegel-20181111-story.html. 
  19. ↑ "Column: ZipRecruiter turned hiring into a beauty pageant where everyone loses" (in en-us). 2017-08-29. https://www.pbs.org/newshour/economy/ask-the-headhunter/column-ziprecruiter-turned-hiring-beauty-pageant-everyone-loses. 
  20. ↑ Cohen, David. "Another Shot at LinkedIn? Facebook Integrates Job Listings From ZipRecruiter" (in en-US). https://www.adweek.com/digital/facebook-ziprecruiter/. 
  21. ↑ "Facebook partners with ZipRecruiter and more aggregators as it ramps up in jobs" (in en-US). 28 September 2017. http://social.techcrunch.com/2017/09/28/facebook-partners-with-ziprecruiter-and-more-aggregators-as-it-ramps-up-in-jobs/. 
  22. ↑ Lusinski, Natalia. "7 Apps That Will ACTUALLY Help You Find A Job" (in en). https://www.bustle.com/p/the-best-apps-for-finding-jobs-71917. 
  23. ↑ 23.0 23.1 Speed, Richard. "ZipRecruiter has been flying low: User email addresses exposed to unauthorised accounts" (in en). https://www.theregister.co.uk/2018/12/14/ziprecruiter_breach/. 
  24. ↑ "New Jersey Woman Targeted By Scam Artist On Popular Job Site ZipRecruiter" (in en). 2018-08-31. https://newyork.cbslocal.com/2018/08/31/new-jersey-woman-targeted-by-scam-artist-on-popular-job-site-ziprecruiter/. 
  25. ↑ "ZipRecruiter Expands Into Canada to Connect Talent to Opportunity" (in en). https://www.hrtechnologist.com/news/recruitment-onboarding/ziprecruiter-expands-into-canada-to-connect-talent-to-opportunity/. 
  26. ↑ Blum, Brian. "ZipRecruiter expands to Canada". https://aimgroup.com/2019/02/28/recruitment-classified-aggregator-ziprecruiter-expands-to-canada-2/. 
  27. ↑ "ZipRecruiter Announces Filing of Registration Statement for Proposed Public Direct Listing of Its Class A Common Stock" (in en-US). 2021-04-23. https://www.ziprecruiter.com/blog/ziprecruiter-files-for-proposed-public-direct-listing/. 
  28. ↑ "UFC renews "eight-figure" Modelo deal" (in en-GB). 2021-09-02. https://www.sportspromedia.com/news/ufc-modelo-sponsor-ziprecruiter-worth-2021/. 
  29. ↑ "ZipRecruiter Cuts 20% of Workforce in Latest Tech-Sector Layoffs" (in en). Bloomberg.com. 2023-05-31. https://www.bloomberg.com/news/articles/2023-05-31/ziprecruiter-cuts-20-of-workforce-in-latest-tech-sector-layoffs. 
  30. ↑ Gage, Deborah (2014-08-26). "ZipRecruiter Raises $63M To Make Jobs Easier to Find and Fill" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/DJFVW00120140826ea8qakrow. 
  31. ↑ "ZipRecruiter now valued at $1.5 billion". https://www.bizjournals.com/losangeles/news/2018/10/04/ziprecruiter-now-valued-at-1-5-billion.html. 
  32. ↑ "ZipRecruiter picks up $156M, now at a $1B valuation, for its AI-based job-finding marketplace" (in en-US). 4 October 2018. http://social.techcrunch.com/2018/10/04/ziprecruiter-picks-up-156m-now-at-a-1b-valuation-for-its-ai-based-job-finding-marketplace/. 
  33. ↑ "ZipRecruiter adds ex-Facebook, LinkedIn, GoDaddy execs to board". https://www.bizjournals.com/losangeles/news/2018/11/08/ziprecruiter-adds-ex-facebook-linkedin-godaddy.html. 
  34. ↑ Dignan, Larry. "ZipRecruiter raises $156 million in VC funding and here's where AI fits" (in en). https://www.zdnet.com/article/ziprecruiter-raises-156-million-in-vc-funding-and-heres-where-ai-fits/. 
  35. ↑ "ZipRecruiter Is Valued at $1.5 Billion in a Bet on AI Hiring". 2018-10-04. https://www.bloomberg.com/news/articles/2018-10-04/ziprecruiter-is-valued-at-1-5-billion-in-a-bet-on-ai-hiring. 
  36. ↑ "ZipRecruiter Raises $156 Million | Los Angeles Business Journal". 4 October 2018. http://labusinessjournal.com/news/2018/oct/04/ziprecruiter-raises-156-million/. 
  37. ↑ "ZipRecruiter raises $156 million to match job candidates with employers" (in en-US). 2018-10-04. https://venturebeat.com/2018/10/04/ziprecruiter-raises-156-million-to-match-job-candidates-with-employers/. 
  38. ↑ Geron, Tomio (2018-10-04). "ZipRecruiter Raises $156 Million at Valuation Above $1 Billion" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/ziprecruiter-raises-156-million-at-valuation-above-1-billion-1538661600. 



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