English

Definition of downsize verb from the Oxford Advanced Learner's Dictionary

 

downsize

 verb
verb
BrE BrE//ˈdaʊnsaɪz//
 
; NAmE NAmE//ˈdaʊnsaɪz//
 
Verb Forms present simple I / you / we / they downsize
BrE BrE//ˈdaʊnsaɪz//
 
; NAmE NAmE//ˈdaʊnsaɪz//
 
he / she / it downsizes
BrE BrE//ˈdaʊnsaɪzɪz//
 
; NAmE NAmE//ˈdaʊnsaɪzɪz//
 
past simple downsized
BrE BrE//ˈdaʊnsaɪzd//
 
; NAmE NAmE//ˈdaʊnsaɪzd//
 
past participle downsized
BrE BrE//ˈdaʊnsaɪzd//
 
; NAmE NAmE//ˈdaʊnsaɪzd//
 
-ing form downsizing
BrE BrE//ˈdaʊnsaɪzɪŋ//
 
; NAmE NAmE//ˈdaʊnsaɪzɪŋ//
 
Running a business
 
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[intransitive, transitive] downsize (something) (business) to reduce the number of people who work in a company, business, etc. in order to reduce costs The larger companies are all planning to downsize their US operations. The worsening situation forced the company to downsize from 39 employees to 7. Synonymscutslash cut something back scale something back rationalize downsizeThese words all mean to reduce the amount or size of something, especially of an amount of money or a business.cut to reduce something, especially an amount of money that is demanded, spent, earned, etc. or the size of a business:The President has promised to cut taxes significantly. Buyers will bargain hard to cut the cost of the house they want. His salary has been cut by ten per cent. Could you cut your essay from 5 000 to 3 000 words?slash [often passive] (rather informal) (often used in newspapers) to reduce something by a large amount:The workforce has been slashed by half.cut something back/​cut back on something to reduce something, especially an amount of money or business:We had to cut back production.scale something back (especially North American English or business) to reduce something, especially an amount of money or business:The IMF has scaled back its growth forecasts for the next decade.rationalize (British English, business) to make changes to a business or system, in order to make it more efficient, especially by spending less money.downsize (business) to make a company or an organization smaller by reducing the number of jobs in it, in order to reduce costs. Downsize is often used by people who want to avoid saying more obvious words like ‘dismiss’ or ‘make redundant’ because they sound too negative.Patterns to cut/​slash/​cut back on/​scale back/​rationalize spending/​production to cut/​slash/​cut back on jobs to cut/​slash/​downsize the workforce to cut/​slash/​rationalize the cost of something to cut/​slash prices/​taxes/​the budget to cut something/​slash something/​cut something back drastically See related entries: Running a business
See the Oxford Advanced American Dictionary entry: downsize