right-sizing

right-sizing
   the dismissal of employees
   Right for the management or owners, perhaps:
    'We enter 1995 with the bulk of our rightsizing behind us,' Lou Gerstner, chairman of IBM, on last year's 35,000 redundancies. {Daily Telegraph, 20 January 1995)
   See also downsize.

How not to say what you mean: A dictionary of euphemisms. . 2014.

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