downsize

verb
UK: /ˈdaʊnsaɪz/
US: /ˈdaʊnsaɪz/

  1. To make a company or organization smaller by reducing the number of employees

    1. The company had to downsize to save money during the recession.
    2. Due to declining profits, the corporation made the difficult decision to downsize its workforce by 15 percent.

  2. To move to a smaller home or apartment

    1. We decided to downsize when the kids moved out.
    2. After retirement, they plan to downsize to a condo near the beach to simplify their lives.

Synonyms

reduce reorganize trim
downsize noun

  1. The act of reducing the size of a company or organization by getting rid of employees.

    1. The downsize was necessary to stay competitive.
    2. The recent downsize at the factory left many families struggling to find new sources of income.

  2. The process of moving to a smaller home.

    1. Our downsize allowed us to reduce our monthly expenses.
    2. Their downsize to a smaller apartment meant less maintenance and more free time.

Frequently Asked Questions

The word "downsize" in English means: To make a company or organization smaller by reducing the number of employees, To move to a smaller home or apartment.

The phonetic transcription of "downsize" is /ˈdaʊnsaɪz/ in British English and /ˈdaʊnsaɪz/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "downsize": reduce, reorganize, trim.

Example usage of "downsize": "The company had to downsize to save money during the recession.". More examples on the page.