100% out of context.
He said masks were for sick people and healthy people shouldn't be wearing them. He also said there might be some small benefit, but it wasn't worth it for the specific person he was talking to. Bear in mind this was in February before it was declared a pandemic.
February 2020
“Masks are really for infected people to prevent them from spreading infection to people who are not infected rather than protecting uninfected people from acquiring infection. The typical mask you buy in the drug store is not really effective in keeping out virus, which is small enough to pass through material. It might, however, provide some slight benefit in keep out gross droplets if someone coughs or sneezes on you. I do not recommend that you wear a mask, particularly since you are going to a very low risk location. Your instincts are correct, money is best spent on medical countermeasures such as diagnostics and vaccines."
July 2020
https://www.washingtonpost.com/video/washington-post-live/fauci-on-how-his-thinking-has-evolved-on-masks-asymptomatic-transmission/2020/07/24/799264e2-0f35-4862-aca2-2b4702650a8b_video.html
“We didn’t realize the extent of asymptotic spread…what happened as the weeks and months came by, two things became clear: one, that there wasn’t a shortage of masks, we had plenty of masks and coverings that you could put on that’s plain cloth…so that took care of that problem. Secondly, we fully realized that there are a lot of people who are asymptomatic who are spreading infection. So it became clear that we absolutely should be wearing masks consistently.”