Does this count as increasing personal efficiency?

Listening to the Resume Update 2012 episode right now and just paused after the beginning section on cutting costs / increasing personal efficiency.

This is an example where I see the topic making a ton of sense for managers or sales professionals, but am worried I might be reaching trying to claim it as an accomplishment for myself as an IT professional.

Three years ago our team was reduced from 4 FTE to 2.  That first year was hard - very hard, as we struggled to just keep out head above water.  But since then we've actually expanded our workload, going from maintaining 27 labs to 42 labs. 

Would it be fair/accurate to list something like this as an accomplishment bullet?

Expanded number of supported labs from 27 to 42 with 50% less staff by improving automation & increasing personal efficiency.