trim down

verb2

1. •
   To lose weight.

   • I'm hoping to trim down this year.
2. •
   To deliberately shed operational inefficiencies, including the elimination of non-essential projects and the reduction of headcount or other overhead in order to focus resources exclusively on a startup's most profitable growth engines.

   • The decision has been made to trim down by laying off all unessential personnel, and investing the resulting savings into automated systems and software, so that we can scale the business more efficiently in the short run, prior to the upcoming IPO.