Downsize | Mean of downsize in English Dictionary

/ˈdaʊnˌsaɪz/

• Verb
• to make (something) smaller
1. They have downsized the car's engine in the new model.
2. We downsized to a smaller apartment last year. [=we moved to a smaller apartment]
• to make a company smaller and more efficient by reducing the number of workers
1. The company is planning to downsize next year.
2. The company will be downsized next year.
3. The company has downsized [=reduced] its staff.
4. She was downsized [=she was dismissed from her job] after 15 years with the company.