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To:PRCMASSOC@cob.com

From:

gracekc@cob.com

Subject: Organizational Changes Related to Merger

Good Afternoon Associates:

CoB Associates recognized the merger with EMA Partners created many changes in our organization. This is why members of our HR department spends much of their time and resources creating informational guides and leading lunchtime chats. A top priority at CoB Associates is to keeping informed associates. For this reason leadership believes you must know about pending organization changes that will result in departmental consolidation

Through the final aligning of botk organizations; it became clear that multiple departments have double or triple the number of associates required for our current client load. Today's leadership meeting confirm this challenge with news relating to employee expenses and duplication. Leadership was sad and had anticipated expansion from merger not consolidation you should know

At the end of today's meeting, each department leader was tasked with conducting a full review of their departmental structure, budget, workload $($current and anticipated$),$ and members. Full reviews are submitted the $15$ of the month at quarterly meeting At that time, a new organizational structure will be created and associated needs aligned with that new structure. Once this is completed, a member of our HR department will be in contact with associates who are impacted by the organizational changes.

At this time impacted associates should plans are to offer buyouts incentives to$.$ However, the full picture of the buyout incentives will not be clear until the new organizational structure is complete. While we wait for further details about the finalized structure, please know that helping all impacted associates is of utmost importance to the leadership of CoB Associates.

Comments$/$concerns MUST be directed exclusively to human resources:

Kind regards, Kate

Kate C$.$ Grace, HR Director

CoB Consulting Group