downsizing
/ˈdaʊnˌsaɪzɪŋ/
noun
- The act or process of reducing the number of employees in a company.
- After the downsizing, the remaining employees had to take on extra work.
- The announcement of downsizing caused anxiety among the staff.
- Downsizing is often seen as a last resort for struggling businesses.
- The act of reducing the size or scale of something, such as a home or operation.
- The company's downsizing of its product line helped it focus on quality.
- They are planning a downsizing of their wardrobe to donate old clothes.
- Retirement often leads to downsizing from a large house to an apartment.
adjective
- Relating to or involving a reduction in size, especially of a workforce.
- The downsizing trend in retail has led to many store closures.
- She attended a downsizing workshop to learn how to cope with job loss.
- The downsizing plan was met with protests from the union.