Bonus Cancellation Letter to Employees

Bonus Cancellation Letter to Employees

Letters Kate

Sample -1

Good morning, everyone. We wish you a very productive day. The company (name of the company) has a very important announcement for all our employees. The company is aware that the Christmas holidays will start next week, and according to company policy, we give each employee a Christmas bonus during these days. The purpose of the bonus is to spread joy and assist our employees in celebrating the occasion.

However, as you would be fully aware, the company had to face a loss this year from (month) to (month) due to some unavoidable circumstances. The company (name) was left with a tough decision. We had only two options to choose from. The first option was firing some of our employees and reducing the workforce to compensate for the loss.

The company’s second option was to cancel each employee’s Christmas bonus and use the amount to pay for the other employees’ salaries. After a thorough discussion, the company decided to pursue this option.

We understand that all our employees work hard and deliver on time. Therefore, the company assures you that all the employees will be compensated in the future in one way or the other as soon as the company gets back on track. We would appreciate it if you could support the company during this difficult time. The company wishes you a Merry Christmas and good luck.


File: Word (.docx) 2007+ and iPad Size 28 Kb | Download

Letter -2

Greetings, everyone. This circular is intended to make an important announcement. The company (name) would appreciate it if you read this announcement carefully.

You are all aware of the current pandemic, COVID-19. The company has asked you to work from home for the past two months. We have tried our best to give each of our employees a complete salary so that no one faces any financial issues in this time of distress.

However, the company was not able to run at its pace in the past couple of months, which has caused some financial issues for the company itself. The company has been at a loss for all these months, and despite the loss, we have tried our best to help our staff members. Unfortunately, this pandemic does not seem to be over any time soon, and the company would not be able to bear the constant loss. The administration and the manager were left with a difficult choice.

The company can either fire a few employees and compensate for the loss or cancel each employee’s festive bonus this year. We understand that firing anyone from the job, especially now, can devastate them and their families.

Therefore, the company has decided to keep all our workers under its umbrella. Each employee has to swallow the hard pill and let go of the festive bonus this year. The only way we can win over this pandemic is by working together. We expect you to understand the company’s decision and show support for the company as well as for your colleagues.


File: Word (.docx) 2007+ and iPad Size 27 Kb | Download

Letter -3

The company (name) would like to announce this circular. We want each employee to read this circular carefully and understand the company’s motif.

As most of you know, the company has been facing severe hurdles due to the pandemic. Moreover, the company suffered a massive loss in (state the month) due to (state any reason you wish to mention here). Despite all these instances, the company has maintained its morale and has managed to keep working in whatever way possible.

However, after careful analysis, the company has decided that no employee will be given the bonus this year. This is the best way to help keep all the employees at their jobs and relieve some of the company’s financial burden.

We are mindful of how hard each of our employees has worked in the past couple of months to get the work done, but the company’s financial condition is also evident to everyone. The company expects all the employees to understand the reasons behind this decision and support the company as it is not in good shape. However, the company assures you that all the employees will soon be compensated for the faith you show in us. Thank you for your time.


File: Word (.docx) 2007+ and iPad Size 25 Kb | Download