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I havent been formally let go, but I was informed today that the company is doing an end user audit. They have disabled my access. Ive talked to other individuals and I was told that the company is monitoring my activity. I was never under the impression nor was I giving an impression that I was doing any wrongful doing. Im not sure how to think of this except the fact that I was told by a colleague that they are doing this to find a reason to let go of a person. What can I do to prepare myself.

There is nothing really that you can do right now. If they call you into a meeting to ask questions, be careful about what you say and ask your own questions so that you can understand what they are investigating. Ultimately, if you did nothing wrong, there is nothing to worry about. If the company does let you go, your first call should be to us at the number below.
The Lawyers at Samfiru Tumarkin LLP
Direct Tel (Toll Free): 1-855-821-5900     Email: webquestions@stlawyers.ca     Web: www.stlawyers.ca
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Thank you for your advice.. if I may ask one more question. I am being called in for questioning tomorrow. What kind of answers should I avoid?
Don't guess. If you don't know the answer say so or tell them what information/documents you need to review before you can answer. Be helpful. If during the questioning something is said that you wish you had a record of, email them afterwards, confirming what happened. Any issues, call me. Lior Samfiru