downsize (Meaning)

Wordnet

downsize (v)

dismiss from work

design or manufacture in a smaller size

(of a company) reduce in size or number of employees

The company decided to downsize its workforce in order to cut costs.
The downsizing affected employees across all departments and levels.
Many employees were offered severance packages to encourage them to voluntarily leave the company.
Some employees were forced to take early retirement as part of the downsizing.
The downsizing caused a great deal of anxiety and uncertainty among employees.
The company offered outplacement services to help employees find new jobs.
The downsizing had a negative impact on morale and productivity among remaining employees.
The company's downsizing was met with criticism from unions and activists.
The downsizing was a necessary step to ensure the long-term survival of the company.
The company's downsizing is a sign of the changing economic climate.

dismiss from work, design or manufacture in a smaller size, (of a company) reduce in size or number of employees

reduce, decrease, cut, knock down, dent, lessen, ease, dwindle, deplete, slash

enlarge, raise, escalate, enlarge, raise,increase, boost, amplify, augment, expand

The company decided to downsize its workforce in order to cut costs.

The downsizing affected employees across all departments and levels.

Many employees were offered severance packages to encourage them to voluntarily leave the company.

Some employees were forced to take early retirement as part of the downsizing.