ZipRecruiter: Maintaining Profitability In A Challenging Job Market

Kitinut/iStock via Getty Images Investment thesis ZipRecruiter (NYSE:ZIP) is an online job marketplace that uses AI to match jobseekers and employers. Slower hiring and reduced quit rates in the US labor market have posed significant headwinds for the company, leading to a continued decline in revenues since the end of 2022. Until now, the company has managed to maintain solid profitability by paring back its marketing spend as it waits for the market to improve. However, recent guidance from management ind ...