Terminating Employee Due To Downsizing
[Name, Company Name & Address here]
As you know what was discussed in the last meeting – the fast competition from our rivals has left very limited scope for our business to grow. They are now way ahead from us, and we are just not able to compete with them.
Now, we are trying to lessen the overheads & reduce the headcount in our organization because of this problem.
We are sorry to inform you that we are terminating your employment with us, effective from [date].
Your dues will be cleared on [date]. We will issue you experience certificate & reference letter.
Wish you the best for your future endeavors.
[Your name & Designation]
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