English version

downsizing

From Longman Business Dictionarydownsizingdown‧siz‧ing /ˈdaʊnˌsaɪzɪŋ/ noun [uncountable]HUMAN RESOURCES when the managers of a company decide to reduce the number of people working for the company in order to save money or increase profitsThe retail chain has not yet put a figure on the number of job losses involved in the downsizing.
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