Mayo announces furloughs and salary reductions

Temporary furloughs and salary reductions are coming to Mayo Clinic at the end of April, the healthcare provider announced in an April 10 news release.

“Mayo Clinic is taking necessary steps to reduce expenses but additional measures are needed to ensure that we can emerge from this situation in a stable position,” Mayo said in a news release. “While we were able to protect full pay and benefits for our employees through April 28, temporary furloughs of some staff and salary reductions will be required after that time. We will work with our teams in the coming weeks to ensure that our staff are supported, that the duration of this disruption is as limited as possible, and that we are ready to ramp up quickly and resume full operations when it is safe to do so.”

Mayo praised its employees’ response to the pandemic, but the finanicial impact of the pandemic required it to make “significant adjustments” to its operations.

“The decision to proactively postpone elective patient care was the right one, but it eliminated the majority of our revenue at the same time we are making critical investments to develop and expand testing, conduct research to stop the pandemic and re-align our facilities and care teams to treat COVID-19 patients,” Mayo said.