CoStar Group has confirmed layoffs, attributing them to efficiencies gained from AI adoption and a strategic focus on Homes.com. The company is facing pressure from activist investors to divest Homes.com due to slower-than-expected financial results but remains committed to its long-term growth and digital ecosystem strategy, forecasting profitability for Homes.com by 2030.
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CoStar Group cuts jobs amid AI rollout and Homes.com focus
CoStar Group has confirmed layoffs, attributing them to efficiencies gained from AI adoption and a strategic focus on Homes.com. The company is facing pressure from activist investors to divest Homes.com due to slower-than-expected financial results but remains committed to its long-term growth and digital ecosystem strategy, forecasting profitability for Homes.com by 2030.