Terminating employee due to downsizing

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Sample 1:

Dear John,

As we discussed on Monday, increased competition in the accounting software industry has eaten our profits and caused us to eliminate several positions at PowerAccount Limited. Unfortunately, we were forced to eliminate your position.

Accordingly, your employment will be terminated on July 15. Your company medical insurance plan will also be terminated at that time and severance pay will be in the amount of $8,000.

I will be happy to provide you with a letter of reference if you so request.

Sincerely,

source: samplebusinessletters.com
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