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 other areas,” a company spokesperson said in…