0 the practice of making a company or an organization smaller by reducing the number of people working for it, or an occasion when this is done: --
Downsizing can free up cash to pay debts and make life more affordable by cutting bills.
corporate downsizing
There have been reports of layoffs and downsizings.
The company announced a worldwide downsizing of its operations.
He and his wife moved to a different town in a downsizing.
The airline's downsizing hurt morale and service quality and eventually led to a top management overhaul.
He lost his job during a downsizing.
A similar downsizing is expected to be announced soon at Chrysler.
Business types sometimes try to rationalize downsizing as "rightsizing."
NYA ORD
European
May 10, 2021
DAGENS ORD
Shimmer
downsizing