People Roundup: CoStar Group, SeLoger, Immobiliare, PropertyGuru Group

This week's People Roundup starts with disappointing news—two rounds of layoffs in the United States and Europe...

North America: CoStar cuts undisclosed number of jobs

CoStar Group conducted a round of layoffs this week, according to reporting by several outlets in the United States.

Affected roles appear to be in departments including writing, video production and editing. The layoffs come in the same week CoStar launched Homes AI and are localised to its Richmond headquarters.

A CoStar spokesperson said:

"This was not a decision taken lightly.

"These initiatives are designed to accelerate revenue growth and operational efficiencies, enabling us to streamline processes, elevate the customer experience, and unlock innovative solutions throughout our entire portfolio. To align our organization with these strategic objectives and position the company for continued success, we have made the difficult decision to eliminate certain roles within the organization."

Europe: Seloger releases more details about layoffs

The leading French real estate portal Seloger has released more details about layoffs that will affect over 250 employees.

News emerged in November that the portal's parent company, Digital Classifieds France, in turn owned by Aviv Group, had entered a redundancy process with an undisclosed number of staff, and recent reporting from Immo2 has now suggested that 275 roles will be affected across SeLoger and another of its real estate assets, Meilleurs Agents.

The layoffs represent circa 30% of the total workforce, with CEO Baptiste Capron suggesting a new-look structure will see The SeLoger-Meilleurs Agents group adopt a more "local" organisational structure.

80% of affected roles will be developers and engineers, indicating a significantly smaller product department moving forward.

Immobiliare CFO steps down

Angelica Pelizzari has left her operational role as Group CFO and stepped down from the Board of Directors at Immobiliare.it after more than a decade at the company.

Silvio Pagliani, CEO and co-founder of Immobiliare.it, said:

"Angelica has accompanied us on a growth path that has seen us evolve from a company into a structured and recognized group in the Italian and international technology landscape. My sincere thanks, those of the shareholders and the entire group, go to her for the passion, expertise, and commitment with which she has helped build what we are today and, above all, the foundations for what we aim to become in the coming years." [Translated from Italian]

Asia: Magicbricks CEO leaves the business?

Inc42.com has reported that Magicbricks CEO, Sudhir Pai, has left the business.

Inc42 claims that it has seen an internal email, sent by Pai to his team, saying he will step down from the company after 15 years.

A section of the email published by Inc42 suggests Pai will "reflect" on his next career move:

The last 15 years at MB have been frenetic and I’ve never had time to think for myself; I intend to reflect/recalibrate as I determine what to commit to for the next 10-15 years. There’s been no better time to do this than now when the company is at a stable juncture [with] a strong organisation wide talent pool.

If news of Pai's departure is indeed true, he leaves behind a strong business. Pai told Business Insider in November 2025 that the company is cash flow positive, profitable, and will consider a public flotation before 2030.

PropertyGuru appoints new CPTO

PropertyGuru Group, which operates Singapore's leading real estate marketplace, has named Yi-Wei Ang as Chief Product & Technology Officer, leading the digital transformation and scaling of the platform, elevating existing products and delivering innovative solutions. Ang will report to Group CEO Lewis Ng.

Yi-Wei, Chief Product & Technology Officer, PropertyGuru Group, said:

“PropertyGuru plays a critical role in helping people make one of the most important decisions of their lives. I’m excited to build on the platform’s strong foundations to deliver trusted, scalable technology that brings greater transparency, confidence, and efficiency for property seekers and agents across the region."

Lewis Ng commented, “Yi-Wei's exceptional track record in scaling consumer-centric, product-led organisations is what we need for our next phase of growth. His leadership will be instrumental in ensuring we continue to leverage data and technology to deliver the best value to every property seeker and agent across Southeast Asia.”

PropertyPistol appoints new CEO for its UAE segment

The India-based brokerage PropertyPistol has named Sachin Malhotra as CEO for its UAE subsidiary.

According to a report from MediaNews4u, Malhotra will "lead PropertyPistol’s UAE business strategy, strengthen developer partnerships, expand cross-border investment capabilities, and build a scalable regional organisation aligned with the company’s long-term global ambitions."

Malhotra said:

"PropertyPistol has built a strong reputation through its technology-led, data-driven advisory platform. I look forward to working closely with the leadership team to build a robust UAE business, strengthen stakeholder partnerships, and create a scalable organisation anchored in transparency, governance, and long-term value creation."