TheLadders.com
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| Private | |
| ISIN | 🆔 |
| Industry | Job search engine |
| Founded 📆 | July 1, 2003 New York City |
| Founder 👔 | Marc Cenedella, CEO |
| Headquarters 🏙️ | New York City |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Ladders, Inc. is a United States-based company providing career news, advice, and tools and an online job search service.[1] It launched listing only vetted job offers with annual salaries of $100,000 or more. On April 25, 2017, the company launched Ladders News, a newsroom of about 10 that operates independently of the main company to produce daily journalism about the way work is changing around the world.[2]
History[edit]
Ladders was founded in July 2003, to fill a perceived void in the executive online job seeking market.[3]
In 2013, a class action lawsuit was filed against TheLadders in U.S. District Court, New York, alleging that it had been promising customers access to high end job listings that didn't actually exist. [4]
From its inception until September, 2011, TheLadders scammed its customers into paying for its job board service by misrepresenting itself to be "a premium job site for only $100k+ jobs, and only $100k+ talent." In fact, TheLadders sold access to purported "$100k+" job listings that (1) did not exist, (2) did not pay $100k+, and/or (3) were not authorized to be posted on TheLadders by the employers.
In May 2019 it was reported that TheLadders had exposed more than 13.7 million user records[5] by leaving an Amazon-hosted Elasticsearch database exposed without a password, allowing anyone to access years' worth of data.[6] Each record included personal and sensitive information (names, email addresses, postal addresses, phone numbers, their approximate geolocation and employment histories), information about the industry a job was being sought in and current compensation in U.S. dollars.[6] Many of records also contained detailed job descriptions of past employment and some records included work authorizations, such as whether a person was a U.S. citizen or on a visa.[6] Others listed U.S. security clearance alongside corresponding jobs, such as telecoms or military.[6]
Operations and business model[edit]
Ladders seeks to make its listings more useful to employers seeking executive personnel by utilizing a reverse business model that caters to the high-end job seeker.
Ladders is headquartered in New York City, New York.[7] Job seekers pay a subscription fee in order to access postings in their field.[8]
When Ladders first launched, employers were able to post openings at no charge. However, as the company evolved, Ladders moved toward a subscription service for both employers and executive recruiters.[8]
References[edit]
- ↑ Lowrey, Annie (29 June 2011). "TheLadders, a job search site, will guarantee you a job offer if you meet its qualifications and pay $2,500. Is that a good deal?". Slate Magazine. Retrieved 2019-10-30.
- ↑ Mullin, Benjamin. "Can a future-of-work newsroom thrive inside a jobs site? Ladders is about to find out". April 25, 2017. Poynter.org. Retrieved 25 April 2017.
- ↑ Heires, Katherine (December 1, 2005). "Where Job Seekers Pay to Play". CNN. Archived from the original on February 23, 2011. Retrieved May 25, 2010.
- ↑ Corcodilos, Nick (12 March 2013). "Premium Job Board Sued for Promising Customers Jobs That Don't Exist". PBS NewsHour. Retrieved 7 February 2019.
- ↑ "A security breach is inevitable, IT leaders warned". ComputerWeekly.com. Retrieved 2019-10-30.
- ↑ 6.0 6.1 6.2 6.3 "Job recruitment site Ladders exposed 13 million user profiles". Retrieved 2019-10-30.
- ↑ "People and Accounts of Note". The New York Times. March 1, 2010. Archived from the original on February 23, 2011. Retrieved February 23, 2011.
- ↑ 8.0 8.1 Caplan, Jeremy (December 11, 2008). "The Six-Figure-Job Hunt". Time. Archived from the original on February 23, 2011. Retrieved May 25, 2010.
External links[edit]
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