From the AP

By LIZ SIDOTI, Associated Press Writer 36 minutes ago

WASHINGTON – Sen. John McCain (news, bio, voting record)’s troubled presidential campaign is eliminating some non-senior staff positions and cutting some consultants’ contracts.

The Arizona senator’s campaign characterized the moves as “minor adjustments” that are part of an overall effort to revamp its fundraising office and budgeting operation.

McCain ordered a financial overhaul after he reporting raising only $12.5 million from January through March, third behind his top GOP rivals, Mitt Romney and Rudy Giuliani.

“A campaign is a dynamic organization like a business, and we have to take the necessary steps to ensure it’s as efficient and effective as possible,” said Brian Jones, a campaign spokesman.

The campaign dismissed the notion of mass layoffs, but it wouldn’t quantify exactly how many jobs are affected. Some positions won’t be filled as planned in May, and some consultants will be paid on a per-project basis.

Does this really surprise anyone as Giuliani gains the backing of billionaire Steve Forbes and Fred Thompson is on the verge of entering the race?