Intentional,planned reductions in the size of a company's workforce is known as:

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Downsizing is the intentional and planned reduction in the size of a company's workforce, usually due to financial difficulties or restructuring. Contingent workers refer to temporary or part-time workers, virtual teams refer to geographically dispersed teams that communicate through technology, telecommuting refers to employees who work from home, and rightsizing refers to the process of adjusting a company's workforce to align with its business needs.

Intentional,planned Reductions in the Size of a Company's Workforce Is