Definition, Meaning & Synonyms

downsized

verb (past tense)

/ˈdaʊnˌsaɪzd/

Definition

To reduce the size, scale, or scope of something, often in a business context.

Examples

The company downsized its workforce to improve profit margins.
After the renovations, they downsized their living space to increase efficiency.
He downsized his collection of books to only his favorites.

Meaning

Downsizing generally refers to the process of making a company smaller by reducing the number of employees or cutting costs. It can also apply to reducing the size of physical objects, properties, or personal belongings.