Subject Line: Cancellation of Bonus Letter — Contra Costa, California Dear [Recipient's Name], I hope this letter finds you well. I am writing to inform you about the unfortunate decision to cancel the previously communicated bonus program, effective immediately. We deeply regret having to take this step, but a careful assessment of our financial situation demands it. In light of the economic challenges we face, the company has been compelled to reevaluate its budgetary constraints and make difficult decisions regarding expenses. Regrettably, this reassessment includes the bonus program that was previously communicated to all employees, which we had hoped to implement. This decision was not reached easily, as we recognized and appreciated the hard work and dedication you have consistently demonstrated throughout the [specific period]. We understand and acknowledge the disappointment this cancellation may cause, as financial rewards play a vital role in recognizing and celebrating your exceptional contributions. Please be assured that this cancellation is not a reflection of your individual performance, but solely a response to the current financial climate. As an organization, we are committed to exploring alternative means of recognition and reward to ensure that your efforts are valued and appreciated. Moving forward, we encourage you to continue to contribute your unwavering commitment, professionalism, and attention to your responsibilities. We are confident that together we can weather this storm and emerge stronger as a team. Should you have any queries or concerns regarding this matter, please do not hesitate to reach out to our Human Resources department. We are committed to providing support and addressing any questions you may have. We genuinely appreciate your understanding and flexibility during these challenging times. Your dedication, creativity, and resilience are invaluable assets to our organization, and we are grateful for your continued efforts. Thank you for your unwavering commitment to our company’s success. We will keep you updated on any future developments and sincerely hope for better times ahead where we can reinstate the bonus program. Best regards, [Your Name] [Your Position] [Company Name] [Company Address] [City, State, ZIP] [Phone Number] [Email Address] Keywords: Contra Costa California, bonus cancellation letter, cancellation of bonus program, financial situation, economic challenges, budgetary constraints, reassessment, company's decision, individual performance, financial climate, alternative means of recognition and reward, employee commitment, Human Resources department, understanding and flexibility, challenging times, unwavering commitment, future developments.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.