Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees?

(a). Layoff

b) Streamlining

c) Downsizing

d) Rightsizing

The answer is: D) Rightsizing

Explanation:

Although rightsizing and downsizing are synonyms, using the word rightsizing is seen as a more polite or less dramatic way of laying off workers.

The process of rightsizing usually involves laying off workers (reducing workforce), cutting costs and rearranging top management.

The reason it sounds less dramatic and harsh is that sometimes (although very rarely) the total workforce of the company rises. The process might involve laying of people from sector A and hiring many more for sector B.

Technically this process adapts the company to new or changing market conditions.