Downsizing is a term that has become increasingly common in the workplace. It refers to a company reducing its workforce or cutting back on the size of its operations. However, there are several synonyms for downsizing that can be used to describe this process. One of the most popular options is "rightsizing," which implies that the company is making changes to ensure it is the right size to be successful. Other alternatives include "restructuring," "reducing," "streamlining," "consolidating," "trimming," and "compression." These words all suggest that a company is making changes to its operations to become more efficient and effective, which is often necessary to remain competitive in today's business environment.