downsizes

Verb

downsize (third-person singular simple present downsizes, present participle downsizing, simple past and past participle downsized)

1. (intransitive) To reduce in size or number.
   • Joe and Edna moved to a bungalow after deciding to downsize when the children had left home.
2. (transitive) To reduce the workforce of.
   • They downsized the division by offering attractive early-retirement packages and selling off an office building.

   Synonyms:

   rightsize

3. (euphemistic, transitive) To terminate the employment of.
   • Joe got downsized and became a plumber.

   Synonyms:

   axe, can, decruit, dehire, discard, remove, discharge, dismiss, fire, give the axe