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To: FJB who wrote (198574)	4/10/2020 8:10:37 PM
From: DMaA	1 Recommendation Recommended By Woody_Nickels Respond to of 456143

Here's the next crisis - hospitals around the country are teetering on the edge of bankruptcy. Even the mighty Mayo Clinic. Reports they are $3 billion in the red this year. According to Mayo Clinic, the total number of employees that will be furloughed will not be known until late April or early May. Mayo Clinic said less than one-third of the nearly 70,000 people working at Mayo Clinic across the nation will have pay cuts. "The Mayo Clinic CEO and CAO will take a salary reduction of 20%. Neither will receive a 2020 salary adjustment. The direct reports of the CEO and CAO will take a 15% pay cut. Consultants and senior administrators will take a 10% pay cut, and salaried allied health staff will take a 7% pay cut. The rate of pay for hourly staff will not change," Mayo Clinic said in an email to KARE. "All but our hourly staff, and those employees whose costs are fully paid by an external party to Mayo Clinic, will take pay cuts," Mayo Clinic said. "Most Mayo Clinic nurses are nonexempt and are compensated by the hour for their work. Hourly staff will not take pay cuts."