Meaning of “downshift” in the English Dictionary

"downshift" in British English

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downshiftverb [ I ]

uk /ˈdaʊn.ʃɪft/ us /ˈdaʊn.ʃɪft/

(Definition of “downshift” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"downshift" in Business English

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downshiftverb [ I ]

uk /ˈdaʊnʃɪft/ us

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 ]

The downshift is reflected in the Labor Department's national data.
downshifter
noun [ C ]

She fits the mould of a downshifter who has chosen to simplify her life by changing her job.

(Definition of “downshift” from the Cambridge Business English Dictionary © Cambridge University Press)