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) Paradigm shift
D) Rightsizing

Rightsizing

The process of adjusting the size of a company's workforce to its needs, aiming for optimal efficiency and productivity.

Layoff

The act of temporarily or permanently terminating employees, typically due to economic downturns or company restructurings.

Paradigm Shift

A fundamental change in approach or underlying assumptions in any field or discipline.