Author: Henrik Lottrup
Author: Henrik Lottrup
The COVID-19 pandemic has created an extraordinary situation for us all. Accordingly, we are closely monitoring market developments and using a broad range of tools to support LanguageWire’s stakeholders; including customers, employees, and freelancers such as yourself.
Over the past few weeks, we have seen a rapid change in business behaviour from our customers. Fortunately, LanguageWire’s business model is not as dramatically affected as others and we are a business which is well prepared for remote work.
However, decision making is slowing down, large projects are delayed, and some customers are communicating a desire to cut spending by up to 50% for 2020. We are expecting a significant drop in demand, and we have to take prudent actions now to ensure we have a sustainable model which is in the best possible position to move forward when business confidence returns. One action we have already taken as a company in alignment with employees is a 10% salary reduction.
Unfortunately, this action cannot stand alone. We need your understanding and contribution to implement further adjustments to support our customers and the continuation of our business.
Let me emphasise that this is not an easy decision. You are an essential part of LanguageWire, and your collaboration is and will remain the core of our business. We will continue to take prudent measures throughout the organisation to ensure that we have a healthy business for the benefit of our long-term collaboration.
We will continue to monitor the impact of COVID-19 and communicate updates to you at the earliest possible moment. We hope to have your continued understanding and support during these unprecedented times.
Your dedicated team in Vendor Management is available to answer any questions you may have, just reach out via email@example.com.
Thank you for your time and stay safe.
Please note that the invitation to jobs will be at your regular existing rate. We will deduct 10% on the voucher at the time of issue.
Before accepting your first job during the reduction period, you will be presented with a pop-up asking you to confirm your knowledge of the 10% payment reduction on vouchers. This notification will appear once.
Work specs sent out will show the final Work Spec amount. The discount can be seen in the pricing break down.
POs sent out will show the discounted rate. The discount can be seen in the price summary.