Simply Hired will either be shutting down or be acquired on June 26th.
At least, this is the information circulating across various American media since a confidential letter was published announcing the imminent closure of the business to its partners.
Surprising news. A pioneer among online job boards, Simply Hired remains an important player in the US with over 30 million monthly visitors and a bank of 700,000 employers, according to the aggregator.
Less known on this side of the border, Simply Hired opened its Canadian offices in 2008, only to close them in 2014. However, the organization has continued to serve Canadians online. It is also present in more than twenty countries worldwide including in France, England and Belgium.
Simply Hired is part of the first wave of job aggregators. These aggregators don’t content themselves by simply offering firsthand jobs, they also relay jobs in newspapers and various local and national employment sites.
Founded in 2003, a year before its competitor Indeed, Simply Hired had, at the time, won the competition for funding by raising $34M in venture capital. Indeed, for its part, won the war on longevity.
Admittedly, thirteen years after Simply Hired got started, it is now much harder to remain competitive in a field that has seen a mass proliferation of platforms and job aggregators of all kinds: Indeed, Jobs2careers, Monster.com and many more. This means less income for each player.
Trying to explain why Simply Hired has failed, Recruitingheadlines columnist Chris Russel believes that the California-based company missed the mark on the monetization of its services: “SH has never had the aggressive-salesman attitude that Indeed strives on. From the beginning, the company has seemed more of a tech firm than an advertising platform for recruitment.”
Simply Hired has also failed to properly update its Web platform and hasn’t refined its search engine algorithm. “Once popular, their array of job offers through Simply-Partner became obsolete when they failed to keep it up to date… It is not even suitable for mobile!” states Chris Russell.
The site is still active right now and Simply Hired has not yet confirmed the news. However, the letter that was leaked to the media leaves no doubt: “Simply Hired hereby notifies your company that it is terminating the Agreement effective in 30 days, on June 26th, 2016. (…) There will be no interruption in services between now and June 26th. All payments will be processed and paid under the terms of the Agreement.”
Simply Hired is based in California and has over a hundred employees. These employees still do not know what to expect in the event of a partial acquisition of the company's activities.
Also in the news:
Simply Hired is shutting down June 26, reportedly as part of an acquisition
SimplyHired Shutdown – Latest News – Industry Reacts