ZipRecruiter
{{Short description|Online employment marketplace}}
{{Infobox website
| name = ZipRecruiter, Inc.
| logo = File:Logo_of_ZipRecruiter.png
| type = Public
| collapsible =
| traded_as = {{NYSE|ZIP}}
| screenshot =
| founded = {{start date and age|2010}}
| parent =
| location = Santa Monica, California
| founder = Ian Siegel
Joe Edmonds
Ward Poulos
Will Redd
| key_people = Ian Siegel (CEO)
| industry = Employment websites
| products =
| revenue = {{increase}} US$418.1 million (2020)[https://aimgroup.com/2021/04/25/ziprecruiter-files-for-direct-listing-on-nyse-revenue-fell-3-in-2020-but-it-was-profitable/#:~:text=Total%20revenue%20in%202020%3A%20%24418.1,revenue%2C%20net%20loss%20%246.3%20million.&text=(Revenue%20bounced%20back%20well%20at,in%20a%202018%20funding%20round. ZipRecruiter files for direct listing on NYSE: 2020 saw profitability despite 3% decrease in revenue - AIM Group]
| operating_income =
| net_income =
| owner =
| num_employees = 1,000{{cite web |title=Forbes Companies |url=https://www.forbes.com/companies/ziprecruiter/#392496f571c8 |website=Forbes |access-date=17 May 2019}}
| homepage = {{URL|ziprecruiter.com}}
}}
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.{{Cite web|url=https://www.bizjournals.com/losangeles/news/2018/06/13/growth-spurt-pushes-ziprecruiter-into-bigger-digs.html|title=Growth spurt pushes ZipRecruiter into bigger digs|date=13 June 2018|website=American City Business Journals|access-date=2019-03-05}}{{Cite web|url=https://thehill.com/hilltv/rising/407672-ziprecruiter-ceo-ian-siegel-downplays-looming-threat-of-artificial-intelligence|title=ZipRecruiter CEO downplays threat of artificial intelligence on job market|last=Bonn|first=Tess|date=2018-09-20|website=The Hill|language=en|access-date=2019-03-05}}{{Cite web|url=https://www.foxbusiness.com/features/ziprecruiter-from-the-kitchen-table-to-the-big-time|title=ZipRecruiter: From the Kitchen Table to the Big Time|last=Libassi|first=Matthew|date=2016-08-23|website=FOXBusiness|language=en-US|access-date=2019-03-05}}{{Cite web|url=https://www.usatoday.com/story/tech/2016/07/18/mobile-changes-way-we-seek-jobs/84878984/|title=For job seekers, search is out, 'curation' is in|website=USA TODAY|language=en|access-date=2019-03-05}}{{Cite web|url=https://venturebeat.com/2018/06/14/ziprecruiter-announces-ai-tool-that-matches-businesses-with-ideal-job-candidates/|title=ZipRecruiter announces AI tool that matches businesses with ideal job candidates|date=2018-06-14|website=VentureBeat|language=en-US|access-date=2019-03-05}}{{Cite web|url=https://www.newsday.com/business/technology/tedch-review-job-search-apps-1.26980413|title=These apps can aid in your job search|date=February 10, 2019 |first1=Peter |last=King |website=Newsday|language=en|access-date=2019-03-05}}
The company is headquartered in Santa Monica, California{{Cite web|url=https://www.recode.net/2018/2/6/16982230/ziprecruiter-fundraising-financing-50-million|title=ZipRecruiter is raising money for the first time in almost four years|last=Schleifer|first=Theodore|date=2018-02-06|website=Recode|access-date=2019-03-05}} with offices in Tempe, AZ;{{Cite web|url=https://www.bizjournals.com/phoenix/news/2017/01/30/ziprecruiter-hiring-more-than-200-in-tempe.html|title=ZipRecruiter hiring more than 200 in Tempe|date=30 January 2017|website=American City Business Journals|access-date=2019-03-05}} London, UK and Tel Aviv, Israel.{{Cite web|url=http://www.timesofisrael.com/israel-tech-team-grows-as-it-drives-us-jobs-site-expansion/|title=Israel tech team grows as it drives US jobs site expansion|last=Danney|first=Micah|website=The Times of Israel|language=en-US|access-date=2019-03-05}}{{Cite web|url=https://www.usatoday.com/story/news/local/tempe/2017/01/27/ziprecruiter-expands-tempe-continues-hiring/97155078/|title=ZipRecruiter expands in Tempe, continues hiring|website=USA TODAY|language=en|access-date=2019-03-05}}{{Cite web|url=http://www.insidenova.com/news/business/northern-virginia-media-services-partners-with-ziprecruiter/article_855ccd02-34b3-11e7-a201-5f42e752ec7d.html|title=Northern Virginia Media Services partners with ZipRecruiter|website=INSIDENOVA.COM|language=en|access-date=2019-03-05}}{{Cite web|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3739072,00.html|title=ZipRecruiter Expands Israeli Research and Development Center|last=Orbach|first=Meir|date=2018-05-29|website=CTECH - www.calcalistech.com|access-date=2019-03-05}}
History
ZipRecruiter was founded in 2010 by Ian Siegel,{{Cite web|url=https://www.sfgate.com/business/article/ZipRecruiter-s-Ian-Siegel-uses-artificial-13414880.php|title=ZipRecruiter's Ian Siegel uses artificial intelligence to disrupt industry|last=White|first=Ronald D.|date=2018-11-23|website=SFGate|access-date=2019-03-05}} Joe Edmonds, Ward Poulos and Will Redd.{{Cite news|url=https://www.nytimes.com/2016/07/10/jobs/getting-past-the-first-cut-with-a-resume-that-grabs-digital-eyes.html|title=Getting Past the First Cut With a Résumé That Grabs Digital Eyes|last=Walker|first=Rob|date=2016-07-08|work=The New York Times|access-date=2019-03-05|language=en-US|issn=0362-4331}}{{Cite web|url=https://www.bizjournals.com/losangeles/news/2015/03/31/q-a-with-ziphire-ziprecruiter-moves-toward.html|title=Q&A: With ZipHire, ZipRecruiter moves toward becoming a full-service HR platform|last=Ellingson|first=Annlee|date=31 March 2015|website=The Business Journals|access-date=2019-03-05}}
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.{{Cite web|url=https://www.latimes.com/business/la-fi-himi-siegel-20181111-story.html|title=Ian Siegel employs artificial intelligence to disrupt the job recruitment industry|last=White|first=Ronald D.|website=Los Angeles Times|date=11 November 2018 |access-date=2019-03-05}}{{Cite web|url=https://www.pbs.org/newshour/economy/ask-the-headhunter/column-ziprecruiter-turned-hiring-beauty-pageant-everyone-loses|archive-url=https://web.archive.org/web/20171020102038/https://www.pbs.org/newshour/economy/ask-the-headhunter/column-ziprecruiter-turned-hiring-beauty-pageant-everyone-loses|url-status=dead|archive-date=October 20, 2017|title=Column: ZipRecruiter turned hiring into a beauty pageant where everyone loses|date=2017-08-29|website=PBS NewsHour|language=en-us|access-date=2019-03-05}}
In 2017, Facebook also partnered with the company and integrated ZipRecruiter into its platform.{{Cite web|url=https://www.adweek.com/digital/facebook-ziprecruiter/|title=Another Shot at LinkedIn? Facebook Integrates Job Listings From ZipRecruiter|last=Cohen|first=David|website=Adweek|language=en-US|access-date=2019-03-05}}{{Cite web|url=https://techcrunch.com/2017/09/28/facebook-partners-with-ziprecruiter-and-more-aggregators-as-it-ramps-up-in-jobs/|title=Facebook partners with ZipRecruiter and more aggregators as it ramps up in jobs|website=TechCrunch|date=28 September 2017 |language=en-US|access-date=2019-03-05}}
In 2018, the company reported that over 1.5 million businesses and 430 million job seekers used its platform.{{Cite web|url=https://www.bustle.com/p/the-best-apps-for-finding-jobs-71917|title=7 Apps That Will ACTUALLY Help You Find A Job|last=Lusinski|first=Natalia|website=Bustle|language=en|access-date=2019-03-05}}
In December 2018, the company's users' names and email addresses were exposed in a data breach.{{Cite web|url=https://www.theregister.co.uk/2018/12/14/ziprecruiter_breach/|title=ZipRecruiter has been flying low: User email addresses exposed to unauthorised accounts|last=Speed |first=Richard|website=Theregister.co.uk|language=en|access-date=2019-03-05}}{{Cite web|url=https://newyork.cbslocal.com/2018/08/31/new-jersey-woman-targeted-by-scam-artist-on-popular-job-site-ziprecruiter/|title=New Jersey Woman Targeted By Scam Artist On Popular Job Site ZipRecruiter|date=2018-08-31|website=WCBS-TV|language=en|access-date=2019-03-05}} ZipRecruiter claimed that they were able to fix it within 90 minutes after the technical glitch was reported.
In March 2019, ZipRecruiter began operating in Canada.{{Cite web|url=https://www.hrtechnologist.com/news/recruitment-onboarding/ziprecruiter-expands-into-canada-to-connect-talent-to-opportunity/|title=ZipRecruiter Expands Into Canada to Connect Talent to Opportunity|website=www.hrtechnologist.com|language=en|access-date=2019-08-02}}{{Cite web|url=https://aimgroup.com/2019/02/28/recruitment-classified-aggregator-ziprecruiter-expands-to-canada-2/|title=ZipRecruiter expands to Canada|last=Blum|first=Brian|website=AIMGroup}}
In April 2021, the company filed for a Direct Listing. The company went public on May 26, 2021.{{Cite web|date=2021-04-23|title=ZipRecruiter Announces Filing of Registration Statement for Proposed Public Direct Listing of Its Class A Common Stock|url=https://www.ziprecruiter.com/blog/ziprecruiter-files-for-proposed-public-direct-listing/|access-date=2021-06-28|website=ZipRecruiter|language=en-US}}
In September 2021, ZipRecruiter signed a one-year deal with UFC for a "low seven-figure fee".{{Cite web|date=2021-09-02|title=UFC renews "eight-figure" Modelo deal|url=https://www.sportspromedia.com/news/ufc-modelo-sponsor-ziprecruiter-worth-2021/|access-date=2021-09-20|website=SportsPro|language=en-GB}}
In May 2023, ZipRecruiter announced it laying off 20% of its staff, about 270 roles.{{Cite news |date=2023-05-31 |title=ZipRecruiter Cuts 20% of Workforce in Latest Tech-Sector Layoffs |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2023-05-31/ziprecruiter-cuts-20-of-workforce-in-latest-tech-sector-layoffs |access-date=2023-05-31}}
Funding
ZipRecruiter delayed raising venture capital until 2014, when the company's first round of financing of $63 million was led by IVP.{{Cite news|url=https://www.wsj.com/articles/DJFVW00120140826ea8qakrow|title=ZipRecruiter Raises $63M To Make Jobs Easier to Find and Fill|last=Gage|first=Deborah|date=2014-08-26|work=Wall Street Journal|access-date=2019-03-05|language=en-US|issn=0099-9660}}
In October 2018, the company raised $156 million for its online employment marketplace, which brought its total funding to $219 million.{{Cite web|url=https://www.bizjournals.com/losangeles/news/2018/10/04/ziprecruiter-now-valued-at-1-5-billion.html|title=ZipRecruiter now valued at $1.5 billion|website=bizjournals.com|access-date=2019-03-05}}{{Cite web|url=https://techcrunch.com/2018/10/04/ziprecruiter-picks-up-156m-now-at-a-1b-valuation-for-its-ai-based-job-finding-marketplace/|title=ZipRecruiter picks up $156M, now at a $1B valuation, for its AI-based job-finding marketplace|website=TechCrunch|date=4 October 2018 |language=en-US|access-date=2019-03-05}} Blake Irving, Cipora Herman, and Emilie Choi were added as new members to its board.{{Cite web|url=https://www.bizjournals.com/losangeles/news/2018/11/08/ziprecruiter-adds-ex-facebook-linkedin-godaddy.html|title=ZipRecruiter adds ex-Facebook, LinkedIn, GoDaddy execs to board|website=The Business Journals|access-date=2019-03-05}} The October 2018 raise was at a valuation of $1 billion.{{Cite web|url=https://www.zdnet.com/article/ziprecruiter-raises-156-million-in-vc-funding-and-heres-where-ai-fits/|title=ZipRecruiter raises $156 million in VC funding and here's where AI fits|last=Dignan|first=Larry|website=ZDNet|language=en|access-date=2019-03-05}}{{Cite web|date=2018-10-04|title=ZipRecruiter Is Valued at $1.5 Billion in a Bet on AI Hiring|url=https://www.bloomberg.com/news/articles/2018-10-04/ziprecruiter-is-valued-at-1-5-billion-in-a-bet-on-ai-hiring|access-date=2019-03-05|website=Bloomberg.com}}{{Cite web|url=http://labusinessjournal.com/news/2018/oct/04/ziprecruiter-raises-156-million/|title=ZipRecruiter Raises $156 Million {{!}} Los Angeles Business Journal|website=Los Angeles Business Journal|date=4 October 2018 |access-date=2019-03-05}}{{Cite web|url=https://venturebeat.com/2018/10/04/ziprecruiter-raises-156-million-to-match-job-candidates-with-employers/|title=ZipRecruiter raises $156 million to match job candidates with employers|date=2018-10-04|website=VentureBeat|language=en-US|access-date=2019-03-05}}{{Cite news|url=https://www.wsj.com/articles/ziprecruiter-raises-156-million-at-valuation-above-1-billion-1538661600|title=ZipRecruiter Raises $156 Million at Valuation Above $1 Billion|last=Geron|first=Tomio|date=2018-10-04|work=Wall Street Journal|access-date=2019-03-05|language=en-US|issn=0099-9660}}
References
{{reflist|30em}}
Category:Business services companies established in 2010
Category:Internet properties established in 2010
Category:Employment websites in the United States
Category:Online marketplaces of the United States
Category:Companies based in Santa Monica, California
Category:Companies listed on the New York Stock Exchange
Category:2010 establishments in California