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26984 words
downsize
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4 definitions • 8 examples
1
to make a
company
or
organization
smaller
by
reducing
the
number
of people working for it, or to
become
smaller
in this way:
Examples:
to downsize your
workforce
/
company
The
plight
of the
economy
is
forcing
businesses
to downsize.
2
to move to a
smaller
home,
usually
because your home has
become
too
large
for you or as a way of
saving
money:
Examples:
Should you downsize before
property
prices
drop
?
downsize from something to something My
wife
and I want to downsize from a 6-bedroom home to a 2-bedroom home in a 55+
community
.
Many people downsize their
homes
at
retirement
age
in
order
to free up
cash
.
3
(of a
company
) to
reduce
the
number
of
employees
,
usually
as part of a
larger
change in the
structure
of an
organization
:
Examples:
The
company
was
forced
to downsize in
order
to
remain
competitive
.
4
to make a
company
or
organization
smaller
by
reducing
the
number
of people working for it:
Examples:
The
plight
of the
economy
is
forcing
businesses
to downsize.
to downsize your
workforce
/
company
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