Meaning of “downsize” in the English Dictionary

"downsize" in British English

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downsizeverb [ I or T ]

uk /ˈdaʊn.saɪz/ us /ˈdaʊn.saɪz/

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

"downsize" in American English

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downsizeverb [ I ]

us /ˈdɑʊnˌsɑɪz/

(of a company) to reduce the number of employees, usually as part of a larger change in the structure of an organization:

The company was forced to downsize in order to remain competitive.

(Definition of “downsize” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"downsize" in Business English

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downsizeverb [ I or T ]

uk /ˈdaʊnˌsaɪz/ us HR, MANAGEMENT

to make a company or organization smaller by reducing the number of people working for it:

The plight of the economy is forcing businesses to downsize.
to downsize your workforce/company
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downsizing
noun [ U ] /ˈdaʊnsaɪzɪŋ/

a trend for corporate downsizing
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(Definition of “downsize” from the Cambridge Business English Dictionary © Cambridge University Press)