Costar has eliminated the competition in many areas so this has caused Senior leadership to have inflated egos and forget about those who work for them. The changes made to Research have not only caused quality to decrease, it has also led to a micro-management culture. Instead of being the leader in real Estate information, now they are focusing on marketing, which allows them to justify the decrease in quality information.
The company just laid off 270 workers in Atlanta and DC. One group in Atlanta wasn't even given notice. They were asked to leave right after they were told. Previous layoffs have been in Chicago in 2016, Norcross, GA in 2015, San Deigo in 2017 and Columbia, MD in 2018. The company will say it's for operational efficiency, however the easiest way to reach the $3 billion dollar profit goal is to reduce the workforce. Please note, if Costar aquires a company, chances are the majority of the employees will be laid off within the following year. Senior leadership doesn't even get along. One of the heads in the Richmond office was overheard telling another manager how she was going to take everything away from another VP and his direct reports. The company also does not fairly pay their employees. Several internal hires are paid extremely less than those in similar positions. The company justifies this by saying 9% increases are standard practice. However this causes $10-20K differences in pay. There is no diversity in Senior leadership and the company does not value it. When racial slurs were left on a conference room whiteboard, the company added 32 cameras to one of two floors in the building. This floor just happened to be predominantly African American and the group given no notice before being let go. No training was done and the person was never found. There are only 2 Directors of color and only 2 females. The CEO has been going to various researchers and paying them for leaving positive reviews on Glassdoor so please take that into consideration if you read them.
