You are the head of Human Resources at company Montreal Inc. You were just informed by your Chief Financial Officer that due to the financial underperformance of the company, there would be a hiring freeze and no salary increases for all employees in 2022. You know that this will be unwelcome news as your staff has been working extremely hard throughout the last two years, while also dealing with the challenges of the Covid-19 pandemic. The timing of the announcement is also unfortunate as most people are preparing for the holiday season and were hoping for a better end of the year.

Compose a memo to your staff informing them of the companys financial situation and the unfortunate consequences for them. Use the correct writing approach to communicate the unfavorable news. Keep in mind that your employees are valuable to you and their wellbeing is essential to your companys success.

• Format: Memo
• Use organizational elements such as Headings/Subheadings and proper document design as needed.