Subject: Cancellation of Bonus — Hillsborough, Florid— - [Your Name] Dear [Supervisor's Name], I hope this letter finds you well. I am writing to you to request the cancellation of my bonus for the current fiscal year. Due to unforeseen circumstances, I believe it is necessary to forgo the bonus amount and reallocate these funds towards more pressing matters within the company. Hillsborough, Florida, known for its vibrant community and thriving business ecosystem, has been facing several challenges recently. In light of these circumstances, I feel it is crucial to make the appropriate financial adjustments to ensure the stability and growth of our organization. While I greatly appreciate the recognition and acknowledgment of my hard work and dedication that the bonus represents, I firmly believe that redirecting these funds towards areas such as employee training and development, or infrastructure improvements, will yield long-term benefits for both the organization and its employees. By relinquishing my bonus, I aim to demonstrate my commitment to the success of our company and its employees. While I understand that this decision may impact my personal finances, I strongly believe that investing in the infrastructure and skill sets of our team members will ultimately lead to a more resilient and competitive organization. Moreover, I would like to emphasize that this request solely pertains to my personal bonus for the current fiscal year. I wholeheartedly support the continued recognition and financial rewards for other deserving employees who have exhibited exemplary performance. In conclusion, considering the challenges Hillsborough, Florida, is currently facing, it is crucial for our company to reassess our budgetary allocations. I hope you understand and kindly accept my request for the cancellation of my bonus for this fiscal year. I am confident that this decision will be in the best interest of our organization's long-term growth and prosperity. Thank you for your understanding and consideration. I look forward to further discussing this matter with you at your earliest convenience. Sincerely, [Your Name] [Employee ID/Department] [Contact Information]