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downsize

verb [I or T]
 
 
/ˈdaʊn.saɪz/

Definition

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.Becoming and making smaller or lessBecoming and making less strong downsizing
 
 
/-saɪ.zɪŋ/ noun [U]
corporate downsizingBecoming and making smaller or lessBecoming and making less strong
(Definition of downsize verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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