1. to reduce the number of employees in a company or organization
Usage: business
2. to make something smaller in size or scale

Examples

• The company had to downsize after losing several major contracts.
• They decided to downsize their workforce by 20 percent.
• After retirement, they downsized to a smaller apartment.
• The restaurant downsized its menu to focus on popular items.
• Many corporations downsized during the economic recession.
• We’re planning to downsize our home when the kids move out.