Even if the employee is going to a competitor, it's nice to announce the departure in a gracious fashion. It's also an opportunity to notify employees of any social gathering surrounding the event.
To: <recipient(s)>
From: Jim Karter
cc:
Date: 03/17/05
Subject: <subject of memo>
<Name of departing employee> <is leaving/has resigned> Abc Company to <description of what employee will do>. <First name> has served as <job title> for <duration of last position>.
We're sorry to see <First name> leave and wish <him/her> well in future endeavors.
<Optional description of farewell gathering.>
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