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Tuesday, December 3, 2024

End. The Polish equivalent of LinkedIn is disabled. The company was generating huge losses

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End of Goldenline: November 30 Agora has disabled the Goldenline.pl domain. The link leads to the home page of rekrutacja.pl. The portal was shut down gradually to give users time to save their data. The company was founded in state of liquidation at the end of April 2024. Goldenline was a recruitment platform that modeled she was two years older LinkedIn.

Goldenline's pandemic problems: The portal's serious problems began in the spring of 2020. Then from the company 26 people were collectively dismissedi.e. as much as 80 percent employed. A few months later, in the fall of 2020, the Goldenline structures were transferred to the HRlink structure. In 2023, Goldenline recorded PLN 369,000 in revenue of PLN 1.47 million. PLN loss netand a year earlier it recorded PLN 2 million in revenues and PLN 1.05 million in net losses. In 2021, with PLN 1.77 million in revenue, it generated net income of PLN 78,000. PLN, and in 2020 it had PLN 2.56 million in revenues with PLN 990,000. PLN net loss.

Watch the video When will the labor market recover? “We can expect a small recruitment boom”

Bad investment: At the end of 2011, Agora bought 35 percent. shares for PLN 11.52 million. In 2016, it took over another 53% for PLN 8.48 million. shares. At that time, the company it was still making a profitin the amount of PLN 1.47 million. A year later it was only 468 thousand. zloty. First losses (PLN 611 thousand) is 2018. But only 2019 brought real quake: PLN 6.95 million in revenues and as much as PLN 5.44 million loss.

More you can read about social media in Kacper Kolibabski's article “What to do with Facebook and Google? 'Divide and socialize, let's introduce digital jurors'”.

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Sources: : Wirutalnemedia.pl



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