Termination Letter Due To Economic Downturn

Dear [Recipient’s Name],

I regret to inform you that due to the current economic downturn, we have had to make the difficult decision to terminate your employment with [Company Name]. This decision was made after careful consideration and is necessary to ensure the long-term sustainability of our business.

Your last day of employment will be [Date], and you will receive your final paycheck on that day. We understand that this news may come as a shock, and we are committed to providing you with support during this transition period.

Please return all company property, including keys and access cards, before your last day of work. We will be scheduling a meeting to discuss any outstanding matters, including your benefits and options for COBRA coverage.

Thank you for your contributions to [Company Name]. We appreciate your hard work and dedication during your time with us. We wish you the best in your future endeavors.

Sincerely,

[Your Name]
[Your Title]