Should I let go of a long-time employee who's no longer performing?

- Been with company 8+ years

- Was excellent, now consistently missing targets

- I've had 3 performance conversations, small improvements but not enough

- Team morale is suffering because others are picking up the slack -

Personally, I feel loyal to this person and guilty about considering termination

Question: How do you balance loyalty to legacy employees vs. what's right for the team and business? What would you do?

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