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FiscalNote, a Washington, D.C.-based tech firm, laid off 30 staffers today at CQ Roll Call, a news organization that has long been a staple of reporting in the nation’s capital.
Three staffers with knowledge of the layoffs told Adweek the layoffs came mostly from the editorial department. The sources spoke on the condition of anonymity for fear of professional retribution.
FiscalNote acquired CQ Roll Call from The Economist Group for $180 million in 2018. At the time of its acquisition, CQ Roll Call was profitable but had also seen a string of high-profile firings under The Economist Group’s ownership.
As Washington Business Journal recently reported, the company has struggled financially since early last year.