The moves will reduce the campaign's payroll by 40 percent, while also cutting travel costs by 20 percent and eliminating extraneous overhead spending. Most campaign officials were told of the cost-cutting on Friday.
The changes mark a significant setback for a campaign that spent months building a large operation, but there are no signs Bush is on the verge of withdrawing from the race.
He will wait until after a few more debates to do that. He really is floundering badly and this move shows that the big money guys are sending cash in some other direction.