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English definition of “downshift”

downshift

verb [I]     /ˈdaʊnʃɪft/
to slow down or become less active: Corporate earnings expansion is expected to downshift in the coming months.
mainly UK HR, WORKPLACE to leave a well-paid but difficult job in order to do something that gives you more time and satisfaction but less money: The Government is also keen to encourage people over the age of 50 to downshift, working shorter hours and supplementing their earnings by drawing partial pensions.
downshift noun [S] downshifter noun [C]
(Definition of downshift verb from the Cambridge Business English Dictionary © Cambridge University Press)
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