CNN is reporting that Gov. Bill Richardson, who placed fourth in the Iowa Caucus, is laying off staff.

“We had an extremely large staff in Iowa, and since we have moved onto New Hampshire we have had some layoffs,” Richardson’s presidential campaign spokesman Tom Reynolds told CNN Friday.

Citing strategic political reasons, Reynolds would not say how many campaign aides were let go. He did say that no senior campaign staffers have been asked to take pay cuts.

“We have the resources we need to be competitive in the early states,” Reynolds said.