Andrew Yang lays off dozens of campaign staffers

Former tech executive and 2020 presidential hopeful Andrew Yang laid off "dozens of campaign staffers this week" after performing poorly in the Iowa caucuses, Politico reports.

The big picture: The full results of the caucus have not yet been released and Democratic National Committee chair Tom Perez called for Iowa Democrats to "immediately begin a recanvass" on Thursday. Yet even with a recanvass, Yang is unlikely to beat top 2020 candidates or see significantly different results.

"As part of our original plans following the Iowa caucuses, we are winding down...