personnel reduction; workforce downsizing
Refers to reducing the number of employees, often through layoffs or attrition. 淘汰 carries a nuance of weeding out or selection.
Due to the recession, the company carried out personnel reductions.
Compound of 人員 (personnel) and 淘汰 (weeding out, selection). 淘汰 originally refers to the process of natural selection or sifting out the inferior.