Gen Z

[Date] [Recipient Name] [Title, Department] [Address] [City, State ZIP Code] Subject: Bonus Cancellation for [insert year] Dear [Recipient Name]: As you may know, [Company Name] has been experiencing financial difficulties for the last several months due to [insert reason(s) here]. In the past year, we have taken action to adapt to these new challenges. Unfortunately, this action has not resulted in increased profitability and [Company Name] has not been able to meet its goals. This has left us with a big decision about how we can get back on track. Over the past month, we have faced the difficult decision of either reducing our staff headcount or exploring other areas of cost reduction so that our employees do not have to lose their jobs. After careful consideration, we have decided that the best course of action for our organization is to eliminate our annual bonuses for each of our employees this year. As you know, this is the first year that [Company Name] will not give out bonus checks. We hope that, with your continued support and hard work, we will be able to return to our yearly bonus system next year. If you have any questions, feel free to contact [insert Contact Name] at [insert telephone number/email address], who is available to answer any questions you may have regarding this bonus cancellation. Please don’t hesitate to reach out if you have any thoughts or concerns. We appreciate all of the good work you have done for [Company Name] and are hopeful that next year will be prosperous, enabling us to reinstate our bonus policy and show our gratitude for all of your hard work, dedication, and loyalty as we continue to strive toward long-term business success. Sincerely, [Signature of CEO or Organization Representative]