Cutting back on data storage costs until everything runs painfully slow.
Adjusting resources to better match business needs. A euphemism for "We’re firing a bunch of people, but making it sound strategic." Usually accompanied by a slide deck explaining why this is a "positive shift for the company." If you hear this phrase, start updating your resume.
"We’re right-sizing the project scope. So basically, we cut half the features, then put them back in later."