The University of Rochester Medical Center will begin placing 3,473 employees -- just shy of 20% of its staff -- on furlough next week, the hospital system said in a statement on Friday.

Nearly 700 of those staff will be out of work entirely with no guarantee of returning to their jobs when furloughs end, URMC said. The remaining 80% of furloughed employees will work reduced schedules.

The University of Rochester Medical Center said this week that it needs to furlough some employees starting in early May.

There was an indication that furloughs would be coming throughout the university system after a memo went out to employees earlier this month warning of the need for financial belt-tightening because of the impact of the coronavirus pandemic.