Longman Dictionary of Contemporary English homepage

rightsize

 verb
     
right‧size [intransitive and transitive]
if a company or organization rightsizes, or if it rightsizes its operations, it reduces the number of people it employs in order to reduce costs - used especially by companies to make the reduction in the number of workers sound good and sensible [↪ downsize]:
They have been given one year to rightsize their workforce.
—rightsizing noun [uncountable]
Many workers lost their jobs as a result of rightsizing.
Definition from the Longman Dictionary of Contemporary English
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