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Definition of downsizing noun from the Oxford Advanced Learner's Dictionary

 

downsizing

 noun
noun
BrE BrE//ˈdaʊnsaɪzɪŋ//
 
; NAmE NAmE//ˈdaʊnsaɪzɪŋ//
 
[uncountable] (business)
 
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the act of reducing the number of people who work in a company, business, etc. in order to reduce costs

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