One of the premier medical facilities in the country and Minnesota’s largest private employer on Friday announced a series of cost-cutting measures to deal with a proposed $3 billion loss in 2020.
Rochester’s Mayo Clinic is instituting across the board pay cuts and furloughs, a result of the financial strain caused by the coronavirus crisis. The moves follow the clinic’s decision last month to halt elective surgeries and procedures to conserve supplies for an expected surge of COVID-19 patients.
Its happening everywhere…
Unemployment will be beyond the depression!