Late reply, but for the record, I think those are largely orthogonal. If you have 20% fewer workers spending their time on the same useless meetings and filling

Late reply, but for the record, I think those are largely orthogonal. If you have 20% fewer workers spending their time on the same useless meetings and filling out the same forms and so on, it won't matter. Cutting the number of hours rather than the number of employees forces a rethink of processes.