Jeb Bush's struggling campaign slashes payroll by 40 percent, downsizes Miami headquarters

Jeb Bush
(Image credit: Justin Sullivan/Getty Images)

Just 100 days before the first nominating contest, Jeb Bush — who was once seen as a frontrunner for the Republican presidential nomination — is downsizing his Miami headquarters to save $1 million a month, cutting payroll by 40 percent and slashing 45 percent of the campaign budget.

Despite these drastic cutbacks and Bush's plummeting poll numbers, his campaign is still trying to cast the downsizing as a positive move made from a "position of strength." "This is about winning the race," a Bush adviser told Bloomberg. "We're doing it now and making the shifts with confidence. We expect to win."

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