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To reduce in number or size: a corporation that downsized its personnel in response to a poor economy.
(verb-transitive)
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To dismiss or lay off from work: workers who were downsized during the recession.
(verb-transitive)
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To make in a smaller size: cars that were downsized during an era of high gasoline prices.
(verb-transitive)
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To become smaller in size by reductions in personnel: Corporations continued to downsize after the economy recovered.
(verb-intransitive)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.