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Jeb Bush slashes campaign budget in effort to refocus White House run Jeb Bush slashes campaign budget in effort to refocus White House run
(about 1 hour later)
Jeb Bush is ordering an across-the-board pay cut for his campaign staff and is slashing spending on travel and other costs as he looks to shore up his sluggish White House bid. Republican presidential candidate Jeb Bush is drastically slashing his campaign spending, including imposing an across-the-board pay cut for staff, as the one-time front-runner seeks to salvage his bid for the Republican nomination.
Related: 'Second-tier' Jeb Bush may need more than his brother to save his campaignRelated: 'Second-tier' Jeb Bush may need more than his brother to save his campaign
Bush campaign officials were told on Friday that payroll is being reduced by 40%, with all but the most entry-level staff taking pay cuts. The campaign is also downsizing at its campaign headquarters in Miami and offering officials positions elsewhere at a reduced salary. The former Florida governor, and son and brother of past presidents, entered the Republican race with significant financial advantages. However, he has struggled to break through in a crowded Republican primary where voters are so far rewarding unorthodox candidates such as billionaire Donald Trump and retired neurosurgeon Ben Carson.
Officials say the staff shifts will help Bush in Iowa, New Hampshire and other early-voting states. The moves announced to staff on Friday will reduce the campaign’s payroll by 40 percent, while also cutting travel costs by 20% and eliminating extraneous overhead costs.
The moves come as the one-time frontrunner struggles to break through in a crowded Republican primary field. The Bush campaign changes were first reported by Bloomberg. The changes will predominantly affect staff at Bush’s Miami campaign headquarters. Only about 25% of campaign staff will remain in Florida. Another one-fourth of the staff was already in early voting states, and the remaining Bush aides will either be offered jobs there or other posts at reduced salaries.
More details soon … Bush’s campaign and a outside funding group supporting him have been spending heavily on television advertisements in early voting states, but there are few signs so far that his standing in the race is significantly improving.
His campaign fundraising slowed in recent months. He reported collecting $13.4m between July 1 and 30 September, less than Carson, who led the field with about $20m. Bush ended September with about $10m in cash.