What is downsizing often referred to as?

Downsizing is often referred to as organizational restructuring because it involves a planned reduction or reorganization of the workforce to improve efficiency and reduce costs. This process typically entails evaluating the current organizational structure and altering it to better align with strategic goals, which includes cutting back on staff without sacrificing productivity or service quality.

Organizational restructuring is a broad term that encompasses not only downsizing but also repositioning roles and reallocating resources in a way that can facilitate a more streamlined organizational framework. While workforce optimization suggests improving productivity and efficiency, it does not specifically denote the action of reducing the workforce size, which is the core aspect of downsizing. Talent acquisition and human resources development pertain to hiring new employees and enhancing the skills of existing employees, respectively, and do not relate to the act of reducing staff numbers.