downsize
English → English
verb//ˈdaʊnsaɪz//
(business) Downsize: (of a company) to reduce the number of employees or the size of operations to save money
The manufacturing company had to downsize its workforce by twenty percent after several large orders were canceled.
(English) The manufacturing company had to downsize its workforce by twenty percent after several large orders were canceled.
To remain profitable during the recession, the tech firm decided to downsize and move into a smaller office building.
(English) To remain profitable during the recession, the tech firm decided to downsize and move into a smaller office building.
Entry ID: en:en:downsize · Source: refined · Type: vocabulary