Question

A particular restaurant experiences a decrease in business, and this leads to a budget deficit. to balance the budget, the management initially pares down the menu so that there is less spoilage. management then dismisses the busboys and buys an inferior quality of meat and fish. finally, management fires several waiters and waitresses and increases the workload of those who remain. these actions illustrate

Answer 1

The fact that the restaurant in order to increase the budget,  pares down the menu so that there is less spoilage and the management  dismisses the busboys, buys an inferior quality of meat and fish and fires several waiters and waitresses and increases the workload of those who remain means that the management of the restaurant uses downsizing.
The term downsizing means reducing the number of employees on the operating payroll.