downsized

downsize down‧size [ˈdaʊnsaɪz] verb

1. [intransitive, transitive] HUMAN RESOURCES if a company downsizes, it reduces the number of employees and levels of management that it has:

• If your company downsizes and you are over 50, your working life may be over.

• We have cut expenses and downsized our operations so that we will be in a position to capitalize on a gradually improving market.

2. [transitive] to make something smaller:

• This software is the perfect tool for resizing or downsizing pictures from a digital camera.

— downsized adjective :

• Many downsized banks have seen their customers' satisfaction plummet.

• Turbo-charging a downsized engine delivers power that is equivalent to a larger system.

— see also restructure