corporate euphemism for "let's save a little money by firing half our staff and making the other suckers work twice as hard."
by fredo October 22, 2003
1 more definition
To reduce the size of company by firing employees, usually with the intention of compromising for something else.
The bastards fired me because they plan to downsize just to increase profits.
by The Return of Light Joker March 26, 2008