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The most-read business stories in 2020

April 10
Mayo Clinic is not just faced with an enormous health crisis. Now, there is an economic crisis, too very likely the biggest such challenge Mayo has faced since the Great Depression.
Income has plummeted as Mayo has turned its attention from regular business to the worldwide COVID-19 pandemic. Today, the clinic is rolling out a plan of spending reductions, including payroll cuts, that will directly affect about one-third of Mayo s70,000 employees across all of its sites, including Mayo Clinic Health System sites and the campuses in Rochester, Florida and Arizona.
The plan is designed to bring down a $3 billion loss that financial projections show would occur by year-end without any adjustments, and to do it without lowering the quality of care, research and education Mayo provides. No layoffs are planned. ....

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Med City bar staff takes the wheel of food delivery

The result is that Brothers is now offering free delivery of anything off its menu within the Rochester city limits. There’s a $5 charge for orders going to Stewartville or Byron, and there’s a $10 fee to deliver to Oronoco.
In addition to getting hot food to customers in a timely fashion, the change means any tips from customers go directly to his employees.
“My staff really want to work. This is a way we can keep them working,” said Smoot of his 10 employees. “We’re trying our best to support our staff.”
He likes that customers will see the same faces on their doorstep as those taking their order inside the bar, once the virus is under control. One downside to the delivery project is that means Rochester’s ....

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