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Many individuals have lost jobs, leading to heightened stress and possible misunderstandings during employee terminations. Luke Kumanchik from Honeycrisp highlights three key IT concerns in this process. First, companies must ensure they have signed receipts for all company property issued to the employee, including computers, tablets, and phones. Second, it's important to manage access to email and files, as employees can share information with personal accounts through forwarding or rules. Lastly, there is a risk of employees hoarding or sharing account passwords. Addressing these issues is crucial to avoid complications like missing property or data breaches.