Minnesota Rep. Dean Phillips lays off large portion of presidential campaign staff

SAINT PAUL, Minn. — Democratic Rep. Dean Phillips of Minnesota confirmed Friday he is laying off a large number of his campaign staff amid his 2024 presidential run.

Phillips took to social media Friday evening to post a video announcing his reason for the layoffs, but did not indicate he is dropping out of the race. 

"I found it almost impossible to raise enough to do this campaign the way I want," Phillips said. "And today, sadly, I had to announce layoffs to a lot of my staff members."