MEMO

To: All employees
From: Harmon Jacobs, Managing Director
Date: September 7
Subject: Announcements

At the end of every month we have a business meeting to evaluate how well our business is doing, in order to find better ways for future growth. We have been experiencing difficulties for the last few months and are in need of innovative and aggressive strategies to contend with our declining sales.

Ways to reduce expenses have been suggested so we will thoroughly review sales and marketing plans to keep advertising costs to a minimum.

Unfortunately some of the positions will be eliminated. A committee will be conducting employee evaluations and determining which positions should be erased over the next three weeks.

Thank you for your cooperation.

Harmon Jacobs