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26984 words
downsizing
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2 definitions • 4 examples
1
the
practice
of making a
company
or an
organization
smaller
by
reducing
the
number
of people working for it, or an
occasion
when this is done:
Examples:
The
company
announced
a
worldwide
downsizing of
its
operations
.
There have been
reports
of
layoffs
and downsizings.
corporate
downsizing
2
the
practice
of
moving
to a
smaller
home,
usually
because your home has
become
too
large
for you or as a way of
saving
money:
Examples:
Downsizing can free up
cash
to
pay
debts
and make life more
affordable
by
cutting
bills
.
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