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The phrase "reducing employment" is correct and usable in written English.
You can use it to refer to a decrease in the number of people employed by a company or industry. For example, "The new restrictions on the hospitality industry have led to a dramatic reduction in employment."
Exact(29)
The loss of the STEM extension would increase student dependency on employer sponsorship immediately, reducing employment flexibility somewhat.
"Reducing employment on these programs is a natural part of the manufacturing cycle".
The CBO does not give credence to Republicans' common claim that Obamacare is already reducing employment.
Imagine what might happen if politicians came to believe that encouraging homeownership was reducing employment.
How could the economy thrive when unemployment was already high, and government policies were directly reducing employment even further?
Any number above 50 indicates that more companies say they are hiring than say they are reducing employment.
Similar(30)
The average company planned to reduce employment by almost 2percentt.
Manufacturers reduced employment for the 36th consecutive month.
It was stupid to think technological progress would reduce employment.
It found that raising the wage did not reduce employment.
But this has not reduced employment in aggregate or lowered earnings levels on average.
Related(20)
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reducing labor
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com