downsize
Pronunciation:
/ˈdaʊnsaɪz/verb
Definitions
To reduce in size or number.
Example: Joe and Edna moved to a bungalow after deciding to downsize when the children had left home.
To reduce the workforce of.
Example: They downsized the division by offering attractive early-retirement packages and selling off an office building.
Synonyms:rightsizeTo terminate the employment of.
Example: Joe got downsized and became a plumber.