Subject: Your Application with [Company Name]

Dear [Applicant's Name],

Thank you for your interest in the [Job Title] position at [Company Name]. We appreciate the time and effort you put into your application and the opportunity to learn more about your skills and experiences.

After careful consideration, we regret to inform you that we will not be moving forward with your application at this time. This decision was not easy, as we received applications from many qualified candidates.

We encourage you to apply for future openings that match your qualifications and interests. We will keep your resume on file for [time period] and may reach out if a suitable position becomes available.

Thank you once again for your interest in [Company Name]. We wish you the best of luck in your job search and future professional endeavors.

Sincerely,
[Your Name]
[Your Job Title]
[Company Name]
[Contact Information]