downsizing

1. Computing: Adapting mainframe computer based software to a desktop or personal computer (PC) based architecture, without too many compromises in system integrity, security, and control.

2. Management: Intentional reduction in the size of a workforce at all staffing levels, to survive a downturn, improve efficiencies, or become a more attractive candidate for acquisition or merger. Used often as a euphemism for indiscriminately firing the employees. See also rationalization.