downsizing

[ˈdaʊnsaɪzɪŋ]

downsizing Definition

• 1. the act of reducing the number of employees in a company in order to become more efficient and reduce costs
• 2. the act of making something smaller or more compact

Using downsizing: Examples

Take a moment to familiarize yourself with how "downsizing" can be used in various situations through the following examples!

• Example

  The company is downsizing its workforce due to financial difficulties.

• Example

  The downsizing of the car engine has improved fuel efficiency.

• Example

  The downsizing of the apartment was necessary after the children moved out.

downsizing Synonyms and Antonyms

Synonyms for downsizing

• reduction
• cutback
• rationalization
• restructuring
• streamlining

Antonyms for downsizing

• expansion
• growth

Phrases with downsizing

• downsize a company

  to reduce the number of employees in a company in order to become more efficient and reduce costs

  Example

  The CEO decided to downsize the company in order to cut costs.

• downsize a home

  to make a home smaller or more compact

  Example

  After the children moved out, they decided to downsize their home.

• downsize a car

  to make a car smaller or more compact

  Example

  The automaker downsized the car engine to improve fuel efficiency.

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Summary: downsizing in Brief

The term 'downsizing' [ˈdaʊnsaɪzɪŋ] refers to reducing the size or number of something, especially employees in a company. It can be used in phrases like 'downsize a company,' 'downsize a home,' or 'downsize a car.' Downsizing is often done to increase efficiency and reduce costs.