Layoffs
All Subsidiaries
From: The HR Department / CEO
Layoffs
The current economic situation has demonstrated how there is the need for making adjustments in number of employees and managers working at the firm. This is because of shifts in the economy and more aggressive tactics utilized by competitors inside the marketplace. The long-term effects are they have been reducing the company's fiscal position and negatively impacting the firm. ("Sample Letter to Employee," 2013)
To address these challenges, we have tried to reduce the cost structure. This has provided some benefits for everyone. However, the reality is that these changes are not enough. This means that a certain number of employees and managers will be furloughed in the process. At the same time, those positions which are considered to be redundant will be consolidated or completely eliminated. ("Sample Letter to Employee," 2013)
This...
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