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Related to downsizing: outsourcing, Rightsizing
v. down·sized, down·siz·ing, down·siz·es
1. To reduce in number or size: a corporation that downsized its personnel in response to a poor economy.
2. To dismiss or lay off from work: workers who were downsized during the recession.
3. To make in a smaller size: cars that were downsized during an era of high gasoline prices.
4. To simplify (one's life, for instance), as by reducing the number of one's possessions.
1. To become smaller in size by reductions in personnel or assets: Corporations continued to downsize after the economy recovered.
2. To live in a simpler way, especially by moving into a smaller residence.
1. (Commerce) a reduction of the number of people that a company employs
2. (Commerce) a reduction in size