The Trump Organization laid off 1,500 people after it closed over a dozen properties due to the novel coronavirus pandemic
- The Trump Organization has laid off or furloughed around 1,500 employees as a result of closures related to the novel coronavirus, the Washington Post reported.
- The move mirrors those made like other major hotel chains, like Marriott International.
- A report from The New York Times said the organization had contacted Deutsche Bank to ask if it could defer payments on outstanding loans.
- 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.
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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.
The furloughs and layoffs have taken place in both the US and in Canada, at the president’s properties in New York, D.C., Miami, Chicago, Las Vegas, Vancouver, and Honolulu, according to the report. More than 200 of the layoffs occurred at the president’s hotel in Vancouver, and 75% of the employees at his Chicago hotel were laid off.