downsize

The tech firm decided to downsize its workforce by ten percent to save money.

(Chinese) 这家科技公司决定裁员10%，以节省资金。

After the children grew up and moved out, the couple decided to downsize to a smaller house.

(Chinese) 孩子们长大搬走后，这对夫妇决定搬到一间较小的房子里（缩减住房规模）。