Navigating Crisis with Failure - Outcome

Management Team Performance Review by Co-Chairs

Dear Team,

Six months have elapsed since the critical decision to prioritize employee transition and severance packages in winding down our operations.  It is time to review the outcomes of this strategy.

This option aimed to protect employee rights and minimize reputational damage.  While it maintained positive stakeholder relations, it also came with high severance costs and a substantial execution risk.

After careful consideration, we have determined that this option will lead to termination of performance.  However, we recognize the efforts made to safeguard employees’ interests and maintain reputation.  The termination will be effective after the completion of the winding down activities, which is expected to take another 12 months.

Respectfully,