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SANTA MONICA - ZipRecruiter (NYSE:ZIP) announced on Wednesday the U.S. launch of Breakroom, a workplace rating platform designed for frontline industries with over one million employee ratings. The company, currently trading at $3.86 and maintaining impressive gross profit margins of 89.45%, is making this strategic move amid challenging market conditions. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics, with 10 key insights available to subscribers.
The platform aims to provide job seekers with insights into workplace conditions at potential employers, including details about pay, schedules, team culture, and working conditions.
According to ZipRecruiter’s research, 70% of frontline workers research companies before applying, and 84% say employee reviews influence their application decisions. However, 40% question the trustworthiness of those reviews.
"Frontline jobs account for over 70% of jobs in America. Breakroom brings fresh data on what these jobs really demand," said Ian Siegel, Co-founder & CEO of ZipRecruiter.
Unlike traditional employer review sites that use open-ended reviews, Breakroom collects data through a 30-question quiz completed anonymously by current employees, generating objective ratings on a scale of 1-10.
The company also released its inaugural Breakroom Workplace Index, which found that while worker sentiment is improving due to better access to paid leave and healthcare, only 23% of frontline workers believe senior leadership understands their day-to-day reality.
The report indicates that 61% of frontline workers have access to health insurance, 67% receive paid time off, and 51% have some choice in their shifts. The median wage for frontline workers remains at $20.00 per hour.
ZipRecruiter acquired UK-based Breakroom in 2024, and the platform is expected to continue operating as an independent brand. The company plans to integrate Breakroom’s insights directly into the ZipRecruiter platform in the coming months.
The information in this article is based on a press release statement from ZipRecruiter.
In other recent news, ZipRecruiter reported its second-quarter 2025 earnings, revealing a revenue of $112.2 million, which slightly exceeded the forecast of $111.74 million. Despite this revenue beat, the company faced challenges as major investment banks adjusted their outlooks. Goldman Sachs lowered its price target for ZipRecruiter from $7.00 to $5.00, maintaining a Neutral rating, and described the earnings as "solid" with revenue and adjusted EBITDA within guided ranges. Similarly, JPMorgan also reduced its price target from $7.00 to $5.00, citing macroeconomic pressures affecting hiring demand and impacting the company’s top-line growth. These developments highlight the cautious approach employers are taking in the current economic climate. Both firms maintained a Neutral rating on the stock. These adjustments come amid broader concerns about the hiring market and ZipRecruiter’s growth prospects.
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