Which figure of speech is used in this text?
I've heard that Ellen & Co. is downsizing, so I'm happy to see that their store in downtown Greenville will remain open for now.

 - euphemism
 - hyperbole
The text uses a euphemism, a polite or indirect expression that is used to de-emphasize an unpleasant topic.
Downsizing is an indirect way of saying that the company is planning on firing employees, closing shops or branches, and/or reducing its budget.