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FIN 201 QCC Employees Layoffs Communication Plan Scenario Discussion

FIN 201 QCC Employees Layoffs Communication Plan Scenario Discussion

Question Description

For this week’s assignment, please read the scenario below.


You are the vice president of a corporation responsible for product sales for the northeast region of the United States. Due to the coronavirus, product sales have plummeted 65% compared with this same time last year. In discussions with the corporate chief financial officer, corporate human resources officer, and the chief executive officer, you have made a decision to layoff a total of 527 people (15% of your total division). The chief human resources officer has asked that you draft a communication that first line management can use as a reference for the justification of the layoffs when they sit down with each of their employees.

Furthermore, the table below breaks down percentages of employees by number of years of service:

Percentage of EmployeesAverage Years of Service120-123813-255026+ 

You have been in your position as vice president for 27 years, and know many of the employees identified to be laid off.


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