The Trump Organization laid off 1,500 people after it closed over a dozen properties due to the novel coronavirus pandemic
Astrid Riecken/Getty Images
The president previously admitted his businesses have suffered as a result of COVID-19 and said he was not sure if the company would take government bailout assistance.The Trump Organization, the company owned by President Donald Trump and managed by his two sons, Donald Jr. and Eric, has laid off around 1,500 people due to COVID-19.
Combined, the closed properties generated about $650,000 each day for the organization, according to the president's previous financial disclosures, the Washington Post said.Other major hotel chains have taken similar steps as the pandemic has had a severely negative impact on the businesses and the global economy.
"I wouldn't say it's thriving when you decide to close down your hotels and your businesses, no," Trump told reporters. "Yeah, it's hurting me. It's hurting Hilton and it's hurting all of the great hotel chains all over the world. It's hurting everybody.
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