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

FAQs About the word downsize

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

reduce, decrease, slash, dwindle, drop, diminish, deplete, abate, compress,lower

raise, increase, escalate, amplify, raise,increase, escalate, augment, boost, boost

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.