clock menu more-arrow no yes

Filed under:

Rockets Owner Tilman Fertitta Temporarily Lays Off Thousands Across His Hospitality Empire

The billionaire restaurateur and hotel magnate has furloughed more than 40,000 workers

Western Conference SemiFinals - Houston Rockets v Golden State Warriors
Tilman Fertitta
Photo by Andrew D. Bernstein/NBAE via Getty Images

In the middle of the coronavirus crisis, Houston-based restaurateur Tilman Fertitta has temporarily laid off more than 40,000 employees across his hospitality empire.

The layoffs impact workers at major restaurant chains and hotels owned by Fertitta, including Landry’s, Del Frisco’s Double Eagle Steakhouse, and the Post Oak Hotel in Houston. According to Bloomberg, Fertitta is calling on state and federal officials to allow his businesses to “reopen at limited capacity” in the next couple of weeks to help stem losses sustained by his business.

“I want to hire every employee back,” Fertitta told Bloomberg. “This is very hard on a lot of working families but we have to survive or there is no company.”

Last week, a memo issued by a general manager at Fertitta’s Post Oak Hotel telling employees that they would not be able to take paid time off during the novel coronavirus pandemic sparked outrage. A spokesperson for Fertitta said that the hospitality magnate was not aware of the memo that was sent to employees, and the hotel ultimately reversed course.

Per Forbes, Fertitta is still worth about $4.6 billion despite the current economic uncertainty. As Eater noted previously, he’s spent hundreds of millions of dollars over the past year acquiring new restaurant chains.

Sign up for the newsletter Sign up for the Eater Houston newsletter

The freshest news from the local food world