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I just read my last sentence in previous post....so very sorry to see it comes across as snotty. Not my intent. My teen was talking ot me when I typed it and I should have worded it better. please excuse if it came across wrong....
Email only, no letter. If it's appropriate for the position and you'd like to stay in contact even if not hired for that position, the email should come in the form of an invitation to connect on LinkedIn.
By the time a letter gets there, the hiring decision may already have been made. Also, big corporations may take extra security precautions on incoming paper mail, which further delays it getting to the hiring manager. Letters are a dated throwback to a bygone age, as we sit here in the second decade of the 2000s. Sending them to friends and family is perfectly acceptable. Sending them to employers shows that you are a product of (or worse yet, are stuck in) that bygone age.