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In this tutorial, Luke Kumanchik from Honeycrisp discusses three key considerations regarding employee termination from an IT perspective. He emphasizes the importance of managing company property, access, and passwords during this stressful time. First, it's crucial to have a signed receipt for all assets issued to employees, such as computers, phones, and other devices. Second, he highlights the need to check access to emails and files, noting that employees may have forwarded information to personal accounts. Lastly, he addresses the issue of password management, as employees may share or hoard access credentials. Proper handling of these areas can help prevent issues such as missing property or data breaches.