Next time you have a 6,000 person layoff ...

... just say that you are "aligning your cost model with the global economic climate", like Sun Microsystems.

That will make it sound so much better!

Update: More euphemisms, via Fortune:

American Express — "re-engineering"

Fidelity Investments — "cost improvement"

eBay — "simplification"

Yahoo! — "become more fit"