Layoffs Memo

To: AllSClemployees

From: Brett Baker SVP of HR ?

Subject: Company Mission Change

Date: October27,2Ot3

Software Co lnc. (SCl)

Memorandum

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First, I would like to thank all the employees of SCl. You all have been an integral part of this company, g* "land we would not be here today if it were not for your hard work and dedication. As many of you t<now Ufizrr

the finance world is changing, and so must we. Although we may not like some of these changesghey -@ - are necessary in order for our company to continue to survive in this industry.

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After two straight years of losses and with months of research into the finance industry, SCI has decided

to sell AccountSoft. Although AccountSoft has been one of our most successful pieces of software,ftk tt$ time has come. The industry is changing in a way that we cannot sell this type of product. SCI will now

be changing our mission in the industry. We will no longer be catering to the large accounting firms; qft)n instead we will be catering to smaller firms and individuals in order to stay in line with industry trends. & , This change will allow SClto remain profitable and continue to grow for years to come. *f,t*

$\isty Howyo"wiraeair,r* A1-'fl 5r' d*l*) ,n \ttl"' For many of you there will be no change at all. You will continue to develop softwarXts you always (/ !1 , J

have. For those that worked specifically under AccountSoft, we will be doing some restructuring. The r J software developers for AccsuntSoft will move to the new company with the seii, the only difference

ff, I ,t will be that you are working under a different company and management.

tg\e - ov.,l' UnfortunatelVTthe comqgdViurchasing AccountSon will not require the /rr"nt AccountSoft sales and marketing teims. The sell will not be finalized for six more weeks . Aur'g{*ir,timerall staff will continue

to be employed by SCl. I encourage you to use this time to freshen uplour rdsume and begin setting up

interviews. Over the next six weeks I will meet individualhfith each employee that we have to let go. We -- '\A?ot

will try to make this process as painless as pcssible. All emplcyees that rvill be let go will receive u ,/ $"; severance package, a letter of recommendation, and will be able to list me as a personal referral. t-know

^l Or,tP!this is difficult and the next six weeks may not be as upbeat as we are used topl,An I do ask that all v employees remain professional at all times during this transition. - 4 r.,". i'

Once again thank you for your service. lf you have any questionr, au,r',up,a,r,ts, or coneerns, please

contact me directly via phone 8L8-370-9356 ext L55 or email [email protected].