CoStar leans into AI, lays off 100+ workers from Richmond office

CoStar Group lays off about 120 staffers in Richmond, announces new hiring

The job cuts represent a complication for one of the area's largest and fastest-growing companies. CoStar employs almost 2,400 people in Richmond, many of whom work for the Homes.com marketplace.

CoStar leans into AI, lays off 100+ workers from Richmond office

RICHMOND, Va. CoStar Group, Inc. laid off more than 100 people from its downtown Richmond offices this week, according to a company statement and individuals familiar with the job cuts.The company, which has more than 2,500 employees in the Richmond area, cited the use of artificial intelligence as one reason for the layoffs."The company expects to eliminate roles in 2025 from efficiencies gained by using AI and reallocate those resources into o…

Tech Bytes: CoStar deal finalized as Matterport launches platform

Matterport Marketing Cloud aims to simplify multimedia content creation; Maverix Advisory group adds former @Properties and Christie’s leader for key role.

CoStar Group Completes Acquisition of Matterport, Ushering in a New Era of 3D Digital Twins and AI-Powered Real Estate Innovation

ARLINGTON, Va.–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today the successful completion of its previously announced acquisition of Matterport, Inc. (NASDAQ: MTTR), the global leader in 3D digital twin technology. This powerful combination brings together two industry pioneers to accelerate the adoption of AI-driven digit…

Real estate news service CoStar lays off staff

CoStar Group, which operates a real estate news service, has laid off some editorial staff in its Richmond, Virginia, operations. Among those laid off were Eric Garwood, a content editor for its Homes.com operation, and Meredith Rosenberg, who had been covering architecture and real estate. Rosenberg wrote on LinkedIn that her team was laid off. […]

CoStar lays off some local workers, announces a target of 1,000 new hires this year

Some Richmond-area employees of CoStar Group who work as content producers were informed Thursday they would be laid off, the same day the company announced a plan to add 1,000 new positions this year in the area.A CoStar representative would not provide The Richmonder with the number of employees who were laid off.In a press release, the company said tasks previously handled by humans will be turned over to artificial intelligence."The company …