bad news memo GEB - below to show you the losses over the...

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October 24, 2011 Mrs. Patricia Zho 1106 SW 4 th Avenue Gainesville, FL Dear Patricia: I really like how you treat your employees as if they are part of your family and I wish more of my clients followed your role. The payroll scale we made two years is not working for us as well as we thought. We made this scale assuming sales would be a higher than they have been over the past two years but we are wrong. Sales continue to decline and we will go out of business if we don’t reduce payroll. I am sorry but you are going to have to cut payroll in order for us to stay in business. Alternatively, you can lay people off temporarily but here is a graph
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Unformatted text preview: below to show you the losses over the past 8 quarters. I realize you consistently stated your concerns in the past when we talk about reducing payroll, seeing how you treat your employees like family. Also, you always tell me how you would rather go out of business then reduce payroll. However, something needs to be done to cut payroll before we go out of business. If you would like to go for lunch and have a longer chat about payroll and catch up on everything please let me know. I am available for your convenience whenever needed. QuickTime and a decompressor are needed to see this picture. Sincerely yours, Erik Tarrash...
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