pp. Reducing a company's workforce by laying off only the least competent and least motivated workers.
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Still, a generally abundant energy supply should keep oil prices in check. This will squeeze profitability and make it tougher to compete. Large oil companies will continue to "smartsize," each focusing on its core competencies and outsourcing other functions.
—Allen Johnson, “Letter from the future,” Oil & Gas Journal, November 13, 1995
James A. Capo, president of the New York Shipping Association, which represents waterfront employers in labor negotiations with the ILA, said "smartsizing" is the key issue.

"That's not only having the right number of people. It's having the right number of people with the necessary skills and motivation to do your organization's job efficiently and well."
—William Armbruster, “Downsizing Finds Few Fans At Containerization Forum,” Journal of Commerce, December 01, 1994
1991 (earliest)
Downsizing — or lopping off whole levels of management to make a company leaner and meaner, is competing for popularity now with smart-sizing and right-sizing.
—Julie Lawlor, “Destaffed, dehired, derecruited or just laid off?,” USA Today, March 04, 1991
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