Meaning of “right-sizing” in the English Dictionary

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"right-sizing" in Business English

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right-sizingnoun [ U ]

also rightsizing uk us

HR, MANAGEMENT the process of making a company or organization a more effective size, especially by reducing the number of people working for it:

This rightsizing will produce financial benefits in excess of $100 million annually.
The right-sizing process forces us to be a leaner, meaner and keener organization.
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IT a situation in which an organization starts to use a computer system that is better for them, especially one that is smaller and less expensive than their previous one:

While rightsizing may be good news for end-users, it is bad news for many of the established giants of the IT industry.

(Definition of “right-sizing” from the Cambridge Business English Dictionary © Cambridge University Press)