Downsizing is a strategic measure taken by organizations to reduce their workforce and operational size with the primary goal of boosting profitability, cost-efficiency, and flexibility.
Rationalization refers to reorganization efforts within a firm, group, or industry aimed at increasing efficiency and profitability. Activities under rationalization may include closing redundant units, expanding others, or restructuring the product range to adapt to market demands.
Rightsizing is the restructuring and rationalization of an organization to improve effectiveness and cut costs without involving a comprehensive downsizing. It can also mean adjusting the size of an organization to align with current business demands, though it's typically associated with moderate and controlled downsizing.
