"It's not all bad," the male employee said. "The resort needs a lot of renovation - and this group has the money to do it."
This employee also said that Sagbolt officials discussed an intention of "going green," reducing the amount of gas-powered vehicles used in day-to-day operations to help the environment while saving money.
"They are trying to make the Sagamore viable again," he said. "It's just too bad so many people had to lose their jobs in the process - The Sagamore is a huge employer in this area."
Apparently renowned gold pro Tom Smack was among Sagamore employees that were fired. In a telephone interview, he said he was severed from his duties. Smack was informed last Thursday that he was terminated immediately, he said.
Smack, 64, said he would be seeking to maintain his home in Bolton, but would be open to other employment opportunities. Tom Smack and his wife Angie have been in Bolton for 24 years, and Angie has been employed nearly since their arrival at Bolton Central School.
Correspondent Bill Morehouse contributed to this report.