Billionaire Houston Rockets owner Tilman Fertitta said he was doing fine after laying off 45,000 employees — claiming he was doing them a “favor.”
“I’m holding up pretty damn good,” the Texas mogul who is said by Forbes to be worth $4.8 billion told Fox News Saturday.
“But I’ve got 45,000 employees out there that we’ve had to furlough which is so tremendously unfortunate,” he said.
Fertitta — who also owns restaurants and casinos — said he learned from previous financial crashes to not hold off cutting jobs.
“You’re doing your people a favor if you get them furloughed first, because you have them first to the unemployment line after the severance that you give them. It’s a trick that I learned many years ago,” he insisted.
Fertitta, 62, called shuttering most of his company “just unimaginable.”
“When you think of having amusement parks, aquariums, a basketball team, casinos all over — and nothing is open,” he complained.
“It’s like a sci-fi movie you would never believe,” he said.
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