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 oflhe company's 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

company's success.

Format: Memo

Use organizational elements such as Headings/Subheadings and

proper document design as needed.