Professional Documents
Culture Documents
March 27, 2020
Priyanka Konda,
Guntur.
Dear Priyanka Konda,
Unfortunately, economic conditions in the industry have resulted in withdrawal of some critical
clients that you have been hired to work with and this letter confirms our discussion today regarding
your short term dismissal from your employment with Formula Advisory Network Pvt Ltd due to a
lack of work available in your team at present. This dismissal is effective 27 March 2020.
You will receive your full salary for March 2020. During this period, we will continue to provide all
other benefits and entitlements that you are covered under your employment contract. Any
additional payments like claims, reimbursements, allowances etc., will be included in your final pay
check which you will receive on your regular payday. You will receive this payment once you have
signed and returned the enclosed release documents and this letter of intimation.
We expect to receive from you all material related to your work, like laptop, additional monitor,
desktop, computer accessories, ID card, etc. We will arrange for someone from the office to come
and collect the material once we are able to do so. You will need to keep the company informed of
your contact information so that we are able to reach out to you in the future for any new
opportunities within our organization or partner firms.
We want you to know that this dismissal is not a statement about your work for Formula Advisory
Network Pvt Ltd. You have been a dedicated, contributing employee for the entire duration of your
employment. If a position becomes available in the team due to improvising economic conditions we
would like you to reapply for the role.
Further, if you wish us to speak on your behalf to potential employers, please sign and return this
letter. It gives us your permission to discuss your employment with potential employers. Please let
us know if we can assist you during your transition.
Regards,
Kranthi Bommu
Chief Operating Officer
F o r m u l a A d v i s o r y N e t w o r k P v t L t d
Plot Number 556, P: +91 4023 546 184
Road Number 92, P: +91 4023 546 187
Jubilee Hills, Hyderabad 500033