1. (of a company) reduce in size or number of employees
   "the company downsized its research staff"
    
2. Dismiss from work
   "three secretaries were downsized during the financial crisis"
    
3. Design or manufacture in a smaller size
   "the car makers downsized the SUVs when fuel became very expensive"
    
4. Move to a smaller home
   "some people downsize when they retire"

Derived forms: downsized, downsizes, downsizing

Type of: bring down, cut, cut back, cut down, furlough [N. Amer], lay off, reduce, shrink, trim, trim back, trim down

Encyclopedia: Downsize