Meanings
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1
verb
To make a company smaller by reducing the number of workers.
The company downsized its research staff during the crisis.
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2
verb
To reduce something in size or number.
They downsized to a smaller car to save money on fuel.
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3
verb
To remove someone from their job, usually as part of cost-cutting.
Joe got downsized and decided to become a plumber.
Thesaurus
Etymology
From down- + size.