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English definition of “downsize”

downsize

verb [I or T] uk   /ˈdaʊn.saɪz/ us  
If you downsize a company or organization, you make it smaller by reducing the number of people working for it, and if it downsizes, it becomes smaller in this way: to downsize your workforce/company The plight of the economy is forcing businesses to downsize.
downsizing
noun [U] uk   /-saɪ.zɪŋ/ us  
corporate downsizing
(Definition of downsize from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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