rightsizing
/ˈraɪtˌsaɪzɪŋ/
noun
- The process of reducing the size of a company or organization to make it more efficient and profitable, often by laying off employees.
- Many workers were worried about the rightsizing rumors going around the office.
- Rightsizing is sometimes used as a polite term for mass layoffs.
- The company announced a rightsizing plan that would cut 500 jobs.
- The act of adjusting something to the most appropriate or optimal size or scale.
- Rightsizing your wardrobe means keeping only clothes that fit and you actually wear.
- The school is doing a rightsizing of its class sizes to improve learning.
- The city is considering the rightsizing of its bus fleet to match current demand.
Synonyms
verb
- To reduce the size of a company or organization, especially by eliminating jobs, in order to improve efficiency or profitability.
- The corporation decided to rightsize its operations after a year of losses.
- The CEO promised not to rightsize the company unless absolutely necessary.
- They are rightsizing the factory to stay competitive in the global market.
- To adjust something to the most appropriate or optimal size.
- The team is rightsizing the software to run on older computers.
- She is rightsizing her collection of books by donating the ones she no longer reads.
- We need to rightsize our inventory to avoid waste.