When someone is moving on from a company because it is fiscally unstable or management has broken trust with employees, this letter helps spell out the concerns and motivations of the person resigning.
I can no longer work for a company that has now proven to be unstable and insolvent. I must tender my resignation, effective immediately.
Compounding the issue is the fact that employees such as myself had to learn about the recent shortfall, audit, and pending litigation via the news media. My colleagues and I have been loyal and dedicated, even through repeated management changes and reorganizations. At the very least, we deserved transparency.
Regardless of the true state of the company, I expect full payout of my accrued paid leave as well as my annual bonus, as outlined in my employment contract.