Scoop: Cassidy Lets Six Go
The lobbying firm Cassidy & Associates, which has struggled with declining lobbying revenue for the past five years, laid off six employees today: two federal marketing employees, two mid-level policy employees, an associate and an assistant.
In an email to the Alley, firm spokesman Tom Alexander said no senior level lobbyists were let go. Alexander highlighted recent hiring including senior level talent who specialize in appropriations and global policy issues.
"Our capabilities must match today's demands and tomorrow's opportunities for clients, a point which is reflected in all our internal decisions including those today as well as in our recent hiring," Alexander said.
Cassidy, long a staple of the Washington influence scene, has struggled in recent years to redefine itself in a rapidly changing advocacy environment. In 2010, the firm laid off almost 20 percent of its staff and bought out its CEO.
In 2007, the firm brought in about $24.5 million in lobbying revenue and by last year that number dropped to about $19.9 million. In the first half of this year, Cassidy's lobbying revenue was $7.8 million, according to the Center for Responsive Politics.
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