workforce reduction

Workforce reduction refers to the process organizations use to decrease the number of employees, often due to financial challenges, restructurings, or shifts in business strategies. It can involve layoffs, early retirements, or attrition, aiming to lower operational costs or realign resources. While sometimes necessary for long-term health, workforce reduction can impact employees and company culture. Companies typically communicate transparently about the reasons and handle the process with care to ensure fairness and support for affected staff.