ZipRecruiter
- 🦄Became a unicorn2018
- 📈Peak valuation$2.4 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuation~$240M
How it happened
ZipRecruiter is a US online employment marketplace matching job seekers with employers. VC-backed, it reached a $1.5B valuation in 2018 and went public via a May 2021 NYSE direct listing at about $2.4B. As pandemic-era hiring cooled, employer spending fell and its revenue and stock slid roughly 90%, to around $0.3B by 2025-26. Glassdoor reviews recurrently mark the 2021 listing as the point a warmer culture turned corporate, and count several layoff rounds — including a roughly 20% cut in May 2023 that some said followed assurances the company's cash was fine, with further cuts continuing into 2025. Sales staff described quotas raised even as leads dried up.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: stockanalysis / TechCrunch / SPAC News (online employment marketplace; VC-backed by IVP, Wellington and Basis Set, a ~$1.5B unicorn in 2018; May 2021 NYSE direct listing at an ~$2.4B valuation; a hiring slowdown cut revenue and the stock ~90%, leaving a market cap ~$0.2–0.4B in 2025-26)
