downsize
/ˈdaʊnˌsaɪz/
verb
- To reduce the number of employees in a company, often to cut costs.
- Many tech firms have had to downsize during the economic downturn.
- She was worried she might lose her job when her employer announced plans to downsize.
- The company decided to downsize its workforce after a year of losses.
- To make something smaller in size, scale, or capacity.
- The factory downsized its production line to focus on a single product.
- He decided to downsize his car collection to save money on insurance.
- We need to downsize our living space now that the kids have moved out.