CareerBuilder, Job Search Site Toppled by AI, Wraps Liquidation

The owner of former job recruitment sites CareerBuilder and Monster, which blamed artificial intelligence for their demise, won court approval to end a liquidation case by paying lenders and other creditors less than 10% of what they are owed.

Under the bankruptcy payout plan, noteholders and lenders owed nearly $363 million will divide up about $33.6 million that was raised from the sale of businesses affiliated with the websites. As much as $3 million will go to other unsecured creditors, according to court documents.

The job-hunting sites failed less than a year after they were combined, brought down by ...