downsizing
downsizing Lexical Profile
downsizing Game Scores & Validity
• noun
The process of reducing the size of a company or organization by eliminating staff positions to cut costs and improve efficiency.
"The corporate downsizing resulted in the closure of three regional offices."
The act of moving to a smaller home or adopting a simpler, less expensive lifestyle.
"After their children graduated from college, the couple began planning their downsizing to a cozy condominium."
• verb
To make a company or organization smaller by eliminating staff positions (present participle of downsize).
"The manufacturing firm is downsizing its operations to remain profitable during the economic slowdown."
To move to a smaller residence or replace something with a smaller version (present participle of downsize).
"Many retirees are downsizing to smaller apartments to reduce maintenance expenses."