the.com/downsizing
The corporate art of calling layoffs a strategy and a haircut a transformation.
means Reducing a company's workforce or operations to cut costs, usually announced in language designed to sound bloodless.
from American business jargon of the 1970s-80s, borrowed from car-makers who shrank gas-guzzlers after the oil crisis, then quietly applied to humans.
Original targetDetroit cars, not departments.
Euphemism cousinRightsizing, restructuring, optimizing headcount.
Home versionNow means selling the big house too.