District of Columbia Sample Letter for Bonus Cancellation: [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Today's Date] [Recipient's Name] [Recipient's Designation] [Company Name] [Company Address] [City, State, ZIP Code] Subject: Cancellation of Bonus Payment Dear [Recipient's Name], I hope this letter finds you well. I am writing to inform you about my decision to cancel the previously agreed-upon bonus payment. This decision is not made lightly and is based on careful consideration of the current financial situation of both the company and the District of Columbia. As you may be aware, the District of Columbia has been facing unprecedented economic challenges due to the impact of the COVID-19 pandemic. The financial stability and growth of businesses within the district have been significantly affected. In light of these circumstances, I have assessed the financial projections and concluded that the cancellation of the bonus payment is a necessary step to ensure the sustainability of our company in the long term. While our employees have consistently demonstrated dedication and hard work, it is essential to prioritize the overall financial health of the business during these challenging times. The cancellation of the bonus payment is a difficult decision, and I understand the disappointment it may cause. Rest assured, this measure is taken in an effort to safeguard job security and the continued operation of the company. Please note that this decision should not reflect negatively on your performance or contributions to the company. Your efforts and commitment have been highly valued, and we sincerely appreciate your dedication throughout the year. It is important to stress that this decision is based solely on the financial constraints faced by our organization and does not diminish the recognition of your hard work. In light of this cancellation, I assure you that we will explore other avenues to reward and recognize your efforts. We understand the importance of acknowledging exceptional performance and will strive to provide alternative forms of recognition as circumstances improve. Should you have any questions or concerns regarding this decision, please do not hesitate to reach out to me. I am more than willing to discuss the matter further and provide additional clarification if needed. Thank you for your understanding and continued commitment to the success of our company. Together, we will overcome these challenges and emerge stronger. Sincerely, [Your Name]
District of Columbia Sample Letter for Bonus Cancellation
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