Budget cuts, downsizing, and reassignments are facts of life. Your boss just advised you that you have to do more with less. What is your response?

Budget cuts, downsizing, and reassignments are facts of life. Your boss just advised you that you have to do more with less. What is your response? in 2-3 paragraphs

I need to accept it because the general industry sentiment works on the same philosophy. I amsure that my boss would compensate me in times when the organization is doing well but withbudget cuts...