Rightsize (verb)

1. To make the size of something appropriate or correct.
2. To reduce the number of employees in a company as part of a cost-cutting or efficiency measure.

Origin:

1990s: from right + -size.

Examples:

1. The company rightsized its staff in order to cut costs and become more efficient.
2. The new manager rightsized the company's inventory to match the current demand.
3. The company rightsized their operations to focus on their core business.
4. Rightsizing the organization's structure will help to improve its performance.
5. In order to be more efficient, the company decided to rightsize their workforce.