Delayering

[Kai]

The action or process of reducing the number of levels in the hierarchy of employees in an organization.

[Julene]

This describes corporate managers being fired. Its the latest [manifestation] of [rightsizing] and [downsizing].
it does not have to do with:
-cake layers
-delay of game
-plastic surgery

[Couch Potatoe]

the process in which a company or organization reduces the number of its managers