FiscalNote, a Washington, D.C.-based technology firm, laid off 30 staffers at its subsidiary CQ Roll Call, a prominent news organization covering Capitol Hill. The layoffs, which occurred on Thursday, primarily affected the editorial department, according to sources familiar with the matter. FiscalNote acquired CQ Roll Call for $180 million in 2018, and while the news outlet was profitable at the time, it has experienced previous rounds of high-profile firings under prior ownership. The cuts reflect ongoing challenges in the media and tech industries as companies restructure operations.
