Longman Dictionary of Contemporary English homepage

Topic: BUSINESS BASICS

downsize

 verb
     
down‧size [intransitive and transitive]
BBBE if a company or organization downsizes, it reduces the number of people it employs in order to reduce costs:
The airline has downsized its workforce by 30%.
—downsizing noun [uncountable]
Definition of downsize from the Longman Dictionary of Contemporary English within
the topic BUSINESS BASICS
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