👉 Downsizing is a process where an organization or individual reduces the size of their workforce, often to save money and improve efficiency. It can be used in industries such as manufacturing, healthcare, and education, among others. The goal of downsizing is typically to streamline operations, reduce costs, and increase productivity. This may involve consolidating departments, closing out unused facilities, or reducing staff levels to focus on core business functions. In some cases, downsizing can also be seen as a way to
