Definition, Meaning & Synonyms
downsize
verb
/ˈdaʊn.saɪz/
Definition
To reduce in size, typically referring to a company reducing its workforce or a household reducing its living space.
Examples
- The company decided to downsize in order to cut expenses.
- Many families are opting to downsize their homes after the children have moved out.
- After the economic downturn, several businesses had no choice but to downsize.
Meaning
Downsize means to make something smaller or to make cuts to reduce costs or expenses, often by laying off employees or selling off assets.
Synonyms
- reduce
- shrink
- cut back
- downsizing
- scale down
