Facing falling revenues, DCI Group fired about a dozen employees Tuesday shrinking the Washington lobbying shop's workforce to 135. The layoffs affected staff at all levels from senior to junior employees. The company doesn't expect further layoffs, a firm official told the Alley.
A source familiar with the situation blamed the layoffs on election year doldrums. "People are putting their money behind a candidate instead of to defeat or support a piece of legislation," the source said.
DCI has 10 clients including Exxon and Verizon and brought in $1.4 million in lobbying revenue so far this year, according to the Center for Responsive Politics. But DCI has always been known more for the grassroots, PR and other non-reportable public affairs work than its lobbying practice.