Definition of slim down phrasal verb from the Oxford Advanced Learner's Dictionary

 

slim down

 phrasal verb
phrasal verb
 
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Phrasal Verbs
to become thinner, for example as a result of eating less She slimmed down to 60 kilos before her wedding.

slim down

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slim somethingdown

 
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to make a company or an organization smaller, by reducing the number of jobs in it; to be made smaller in this way They're restructuring and slimming down the workforce. The industry may have to slim down even further. the new, slimmed-down company see also slimming
See the Oxford Advanced American Dictionary entry: slim down