downsize verb definition in Running a business topic from the Oxford Advanced Learner's Dictionary


 verb: Running a business topic
[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.

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