Downsize

To reduce in size, amount, or scale, typically referring to the process of making an organization, company, or household smaller by reducing the number of employees or possessions. This term often implies a strategic decision intended to improve efficiency or reduce costs and may be necessary during financial difficulties or shifts in market conditions. Downsizing can lead to layoffs, selling off assets, or consolidation of resources.

Downsize meaning with examples

• After several years of declining profits, the company decided to downsize its workforce by laying off 15% of its employees. This decision was aimed at cutting costs and ensuring the business could remain viable in a challenging economic climate.
• The family chose to downsize their living situation by moving from a large suburban home to a smaller apartment in the city. They felt that a simpler lifestyle would reduce stress and expenses, allowing them to enjoy life without the burden of excess.
• In an effort to remain competitive, the tech startup announced it would downsize its operations by closing two of its less profitable divisions. This strategic move was meant to focus more resources on their core business model and enhance overall productivity.
• The government has initiated a plan to downsize the military, reducing the number of active personnel and focusing instead on technology-driven defense systems. This approach is intended to create a more efficient and adaptable military force in the modern age.
• Feeling overwhelmed with their belongings, the couple decided to downsize by selling furniture and other unnecessary items through an online marketplace. They were surprised by how liberating it felt to declutter their lives and make room for better experiences.