Downsizing, or reduction, refers to the process of decreasing the size or scale of a business, organization, or even personal possessions. This often involves cutting costs, reducing the workforce, or selling off assets to improve efficiency and profitability. Companies may downsize in response to economic challenges or to streamline operations. In personal contexts, downsizing can mean decluttering or moving to a smaller home. Individuals may choose to reduce their belongings to simplify their lives or to save money. This practice can lead to a more manageable lifestyle and can also promote sustainability by minimizing waste.