1. The act of decreasing or reducing something
   "The step-down in production helped conserve resources";
   - decrease, diminution, reduction

1. Give up or retire from a position
   "The Secretary of the Navy will step down next month";
   - leave office, quit, resign
    
2. Reduce the level, intensity, size or scope of
   "The company stepped down production during the recession";
   - de-escalate

Derived forms: stepping down, steps down, stepped down, step-downs

Type of: change of magnitude, decrease, depart, leave, lessen, minify, pull up stakes