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Dice Selling Slashdot and Sourceforge

posted by janrinok on Tuesday July 28 2015, @02:42PM   
from the let-the-cheering-commence! dept.

iwoloschin and an Anonymous Coward write:

FS tells me that Ars Technica reports that Dice is selling the Slashdot and Sourceforge sites. The company in their second quarter earnings announcements stated they have "not successfully leveraged the Slashdot user base to further Dice's digital recruitment business", and are planning to divest this business.

The report goes on to note that in spite of what the report calls "an incredibly loyal and passionate following of tech professionals," Slashdot and SourceForge aren't core to DHI's business and that DHI has partnered with KeyBanc Capital Markets to advise DHI on the sale. There is no buyer lined up yet.

The report also says that Slashdot Media (the aggregate of Slashdot and SourceForge) made $1.7 million in revenue for the second quarter and that it's estimated Slashdot Media will pull somewhere between $15 million and $16 million in revenue for fiscal 2015.

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Original Submission

• Dice Value Proposition Dice Value Proposition (Score: 5, Interesting) by Phoenix666 on Tuesday July 28 2015, @03:22PM

  by Phoenix666 (552) on Tuesday July 28 2015, @03:22PM (#214881) Journal

  While we're at it, can anyone explain why Dice even remains in business at all? They really suck at their core business, which is tech recruiting. When I was a hiring manager in consulting, I placed an ad on their site for Java programmers and 99% of the people they sent us had no idea what programming was. Later I was a hiring manager at a different company that bought a slot at a hiring event at Madison Square Garden; it hadn't come out of my budget line and I did need to hire three positions so I attended the 2-day event. Out of the hundreds of people who came through, there was not one single person who was remotely qualified. The only job placement service I've ever discovered that's more worthless was TheLadders.com, which simply scrapes hiring pages from other companies and tells people it gives them "special access" to those jobs.

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  Washington DC delenda est.

  Starting Score:	1		point
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• Re:Dice Value Proposition Re:Dice Value Proposition (Score: 2) by VLM on Tuesday July 28 2015, @05:52PM

  by VLM (445) on Tuesday July 28 2015, @05:52PM (#214961)

  Maybe they monetize job seekers better than the job offer side.

  Numerically there are probably always more job seekers than offers, anyway.

  Parent

  • Re:Dice Value Proposition (Score: 2, Insightful) by Anonymous Coward on Tuesday July 28 2015, @06:10PM

    by Anonymous Coward on Tuesday July 28 2015, @06:10PM (#214972)

    > Numerically there are probably always more job seekers than offers, anyway.

    Not according to the H1B apologists.

    Parent