downscaling
/ˈdaʊnˌskeɪlɪŋ/
noun
- The process of reducing the size, extent, or cost of something, especially a business or operation.
- Many workers lost their jobs during the downscaling of the industry.
- Downscaling of the project meant fewer employees were needed.
- The company's downscaling led to the closure of three factories.
Synonyms
adjective
- Relating to or involving a reduction in size, scale, or budget.
- They adopted a downscaling strategy to cut costs.
- The downscaling plan included selling off smaller branches.
- The downscaling approach helped the company survive the recession.