Business Insider reports President Donald Trump's eponymous business empire has laid off or furloughed around 1,500 employees.<br />The move comes as a result of closures related to the novel coronavirus COVID-19 pandemic.<br />Other major hotel chains, like Marriott International, have announced similar layoffs and furloughs.<br />The Trump Organization reportedly contacted Deutsche Bank to ask if it could defer payments on outstanding loans.<br />Trump previously admitted his businesses have suffered as a result of COVID-19.<br />He said he was unsure if the company would take government bailout assistance.
