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Yahoo HotJobs, formerly known as hotjobs.com, was an online job search engine.It provided tools and advice for job seekers, employers, and staffing firms. It was acquired by Yahoo in 2002, then acquired by Monster Worldwide, owner of its major competitor Monster.com in 2010—leading to its merger with Monster.com and eventual closure.
Monster.com made a move in 2001 to purchase Hotjobs.com for $374 million in stock, but were unsuccessful due to Yahoo's unsolicited cash and stock bid of $430 million late in the year. Yahoo had previously announced plans to enter the job board business, but decided to jump start that venture by purchasing the established brand. [15]
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Jobvite, Inc. was established in 2003 by Jesper Schultz and Hans Larsen, under the name ForumJobs, Inc. [1] The company name was changed to Jobvite in 2006. [2]In July 2008, Dan Finnigan, formerly of Yahoo! and hotjobs.com, was appointed as the CEO of the company.
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In February 2010, Monster acquired Yahoo HotJobs for $225 million and then integrated it into the Monster.com website. [23] In 2011, Monster launched mobile apps. [24] In the first quarter of 2014, Monster relocated its headquarters from Maynard, Massachusetts to Weston Corporate Center in Weston, Massachusetts. [25]
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As the founder and CEO of HotJobs, Johnson’s first advertising efforts included posting HotJobs as Yahoo!’s “site of the week” – an ad that could be purchased for $1,000 at the time. But, what he did next has been described as one of the “10 Gutsiest Moves in Entrepreneurial History. [ 3 ] ”