Fri, Feb 1, 2008
Rumor has it WorkMetro has found a buyer and an official announcement is coming soon. Although the company has apparently had its share of challenges, word is revenues were north of $4 million last year, which might make it a steal under the right terms and the right buyer.
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Joel Cheesman - who has written 1471 posts on Cheezhead Recruiting News and Opinion.
One of the most widely-read bloggers on emerging recruitment issues in the world. Accomplishments include being named Recruiting.com’s Best Technology Recruitment Blog and Best Recruiting Blog. Joel's been featured in Fast Company magazine, BusinessWeek Magazine, Resumes for Dummies, U.S. News & World Report, The Wall Street Journal and more. Plug into Joel via Twitter, MySpace, Facebook, iTunes, YouTube or Flickr.
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February 1st, 2008 at 12:44 pm
I heard the buyer is Jobing. I also heard WM was not a profitable company. This should be interesting.
Any info you can get on the sell price would be very valuable to the job board community.
February 1st, 2008 at 1:45 pm
The numbers put out for most M&A transactions have about as much usefulness and validity as the average sports contract announcement or automotive lease offer- nobody knows what the numbers mean except the parties in most cases.
Price and cost are two totally different figures. You wont know the latter until time has passed. You wont know the former unless you have the contract in front of you…..
February 4th, 2008 at 2:20 pm
Take it from someone who used to work there, WM was only profitable last year because they laid off over half of their sales team and because they had shady deals with pyramid scheme companies.