What does downsize mean?

Looking for the meaning or definition of the word downsize? Here's what it means.

Verb (intransitive) To reduce in size or number. (transitive) To reduce the workforce of. (transitive, euphemistic) To terminate the employment of. Find more words! 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We'll probably have to downsize this whole department soon to make room for whatever the next big seller is. Company car drivers are beginning to downsize their cars to reduce Benefit-in-Kind liability, according to Lex Vehicle Leasing. In reality, these factors rarely offset increased costs, which can force unprepared organizations to downsize or even fold. However, the sales and marketing director was unequivocal in saying that there were no plans to downsize the Wiltshire operation. The three counties regiment is one of those under threat as a result of continuing defence cuts and plans to downsize the Army. See Also What is another word for downsize? What is the opposite of downsize? Sentences with the word downsize Words that rhyme with downsize What is the past tense of downsize? What is the noun for downsize? Nearby Definitions downsittings downsitting downside up downsides downside Downsian downsized downsizer downsizers downsizes downsizing downsizings 8-letter Words Starting With d do dow down downs downsi downsiz