noun
personnel reduction; staff cutback
Refers to reducing the number of employees or staff, often in a business or organizational context.
会社は経費削減のため、人員縮少を実施した。
The company carried out a personnel reduction to cut costs.
Compound of 人員 (personnel) and 縮少 (reduction, contraction). The spelling 縮少 is a variant of 縮小, both meaning 'reduction'.