Downsize
Pronunciation: /ˈdaʊnˌsaɪz/
Downsize (verb)
- To make a business smaller, often by closing parts or removing jobs.
- To reduce the size, number, or amount of something.
- To lower the number of employees, usually because of costs or reorganization.
Examples
- The company downsized to cut costs.
- They downsized the office to save money.