Rightsizing

Rightsizing is about realigning and bringing the organization at its optimal size. Making an organization in a more effective size especially by reducing the number of people working in an organization. 

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It can be said that Rightsizing is about employing and maintaining an exact number of employees with required skills, abilities, and knowledge to perform the existing number of jobs in the organization.

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Is this similar to Downsizing?

No. 

Downsizing is about redesigning the work profile from one employee to another or reordering and trimming the system that runs the organization, all this to improve profitability, efficiency, productivity. Whereas rightsizing is its own process by which a company may decide to trim staff, hire new workers to fill in skill gaps, or reshuffle existing duties to make the business as streamlined as possible. In rightsizing company, hire, fire, or reorganize according to its needs.

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Think

• Need for rightsizing
• Impact 
• Future challenges
• Role of HR.

there can be many more questions out of it. But if you clear with concept and practice to answer above from your understanding your thinking level gets ready to answers any questions.

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