CoStar Group carried out layoffs tied to AI-driven restructuring in Richmond area

The article reports that CoStar Group, a Northern Virginia-based global real estate information company, previously went through layoffs in February as part of efforts to use AI to increase revenue, streamline processes, and improve customer experience. It notes that at the time of similar 2025 layoffs, CoStar reported having more than 2,500 employees in the Richmond area and that it planned to hire about 500 salespeople for Homes.com and 100 market analysts. The piece focuses on CoStar's $460 million Foundry Park campus expansion in downtown Richmond, which can accommodate up to 4,000 employees and is intended to support the company's growth and recruitment. The article provides context on the company's strategy and future campus completion, but it does not state an exact number of employees laid off during the February reductions.

LayoffTalk has tracked 13 layoff events at CoStar Group, Inc. since January 2023, including 173 jobs documented in official WARN filings, with 7 additional events known from news reporting.