From Longman Dictionary of Contemporary Englishdownsizedown‧size /ˈdaʊnsaɪz/ verb [intransitive, transitive] BBBEif a company or organization downsizes, it reduces the number of people it employs in order to reduce costs The airline has downsized its workforce by 30%.► see thesaurus at reduce —downsizing noun [uncountable]→ See Verb table
Examples from the Corpus
downsize• And the overall quality of care remains vulnerable to health industry cost-cutting and downsizing.• Feds, in recent years, have learned about downsizing.• Another year, another downsizing, and this time a monster.• The boxes are clearly aimed at data intensive applications downsizing from mainframes.• Some argue that downsizing is dissolving the glue that has traditionally held companies together, and without which they may never flourish.• For devotees of downsizing, the signs are that this could be a vintage year.From Longman Business Dictionarydownsizedown‧size /ˈdaʊnsaɪz/ verb1[intransitive, transitive]HUMAN RESOURCES if a company downsizes, it reduces the number of employees and levels of management that it hasIf your company downsizes and you are over 50, your working life may be over.We have cut expenses and downsized our operations so that we will be in a position to capitalize on a gradually improving market.2[transitive] to make something smallerThis software is the perfect tool for resizing or downsizing pictures from a digital camera. —downsized adjectiveMany downsized banks have seen their customers’ satisfaction plummet.Turbo-charging a downsized engine delivers power that is equivalent to a larger system. → see also restructure→ See Verb table 