downsize

/dˈa‍ʊnsa‍ɪz/

/ˈdaʊnˌsaɪz/

to downsize

MAIN VERB

(of an organization or company) to reduce the number of employees, often as a means of cutting costs or increasing efficiency

design or manufacture in a smaller size

dismiss from work

Examples

1. The company is downsizing, and some employees may be given the pink slip.

2. If the company downsizes, many employees could find themselves on the dole.

3. If the company downsizes, there might be several employees eligible for golden handshakes.

4. She had a great job with a supportive team, but eventually the company downsized and she was laid off.