Howard Stern ‘Enjoying His Summer Break in the Lap of Luxury’ Amid Staff Layoffs: ‘Massively Unfair’

Morale couldn’t be lower amongst those lucky enough to survive the layoffs at The Howard Stern Show, reveals a source.

As Globe previously reported, Howard Stern said goodbye to roughly a dozen employees in the wake of plans to cut his Sirius XM radio down from two new episodes a week to just one.

“He feels badly for these people. He’s not heartless and he says he did everything in his power to save as many jobs as he could,” says the source. “But the fact is he needs to scale back. He’s 72 years old now and wants to enjoy this stage of his life more and that means working less.”

The legendary shock jock is “enjoying his summer break in the lap of luxury surrounded by other mega-rich people,” the source notes. “The contrast couldn’t be any more depressing for the people who are out of a job and wondering how they’re going to support their families and here he is, living like a lord.”

Stern recently finished a five-year, $500 million deal with Sirius XM late last year and while the terms of his new contract have not been revealed, Page Six estimates that the radio titan will be earning about $8,000 per minute on the air based on his previously $100 million a year salary.

“That disparity feels massively unfair,” admits the source. “He’s worth nearly a billion dollars and even with his show slowing down, he’s still going to rake in many millions more a year every year, so it would be nice for him to set his staff up.”

Of course, Stern is “entitled to do what he wants” with his millions, the source notes. “But that doesn’t mean people on his staff that’ve gotten the axe aren’t bitter and feeling like he should have done more.”

After all, “he has more than he could ever spend in multiple lifetimes,” says the source.