Downsize Meaning: Definition, Examples, and Translations
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downsize
[หdaสnหsaษชz ]
Definitions
business
To make a company or organization smaller by reducing the number of employees or branches. This is often done to save costs or improve efficiency.
Synonyms
Which Synonym Should You Choose?
Word | Description / Examples |
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downsize |
Typically used in a business context when a company is reducing its workforce or organization size, often due to economic pressures.
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reduce |
A more general term that can be used in a variety of contexts to indicate making something smaller in amount, size, or degree.
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cut back |
Commonly used to describe reducing consumption or expenses in both personal and professional contexts.
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downscale |
Refers to reducing the size or scope of something, often used when talking about lifestyle changes, housing, or other personal decisions.
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Examples of usage
- The company decided to downsize its workforce in order to remain profitable.
- After the merger, the new management plans to downsize the company to streamline operations.
business
The process of reducing the size of a company or organization by cutting costs, eliminating jobs, or closing branches.
Synonyms
cutback, reduction, restructuring.
Which Synonym Should You Choose?
Word | Description / Examples |
---|---|
downsize |
Typically used in a business context when a company reduces the number of its employees to cut costs or improve efficiency.
|
reduction |
A general term used in various contexts, including decreasing the size, amount, or degree of something.
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cutback |
Often used when talking about reductions in spending or services, sometimes in a broader sense than just reducing the workforce.
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restructuring |
Used in a business context involving significant changes in the organizational structure, often including downsizing but may also involve other forms of reorganization.
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Examples of usage
- The downsizing of the company led to many employees losing their jobs.
- They announced a downsizing of the department to improve profitability.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Business
- Companies often downsize during economic downturns to remain profitable and efficient.
- Downsizing can lead to culture shifts in workplaces, as remaining employees experience increased workload.
- It may also involve layoffs, where companies let some employees go, impacting morale and future hiring.
Psychology
- The process can create stress among employees remaining after layoffs, leading to what's known as 'survivor's guilt.'
- Individuals in downsized companies often report feelings of uncertainty and job insecurity, affecting mental well-being.
- Research shows that job loss due to downsizing can lead to long-term impacts on individualsโ self-esteem and perception of job security.
Pop Culture
- Films like 'Office Space' and 'Horrible Bosses' address themes of downsizing, illustrating workplace frustrations.
- Books have been written that analyze downsizing effects on corporate culture and individual lives, reflecting societal concerns.
- Reality TV often shows extreme downsizing in home makeovers, where families declutter and simplify their living spaces.
Lifestyle
- Many people choose to downsize their homes as they age, seeking smaller, more manageable living spaces.
- Minimalism trends encourage downsizing possessions for a simpler, more purposeful life, promoting mental clarity.
- Downsizing can also refer to financial decisions, where individuals reduce expenses by simplifying lifestyles and focusing on essentials.
Origin of 'downsize'
Main points about word origin
- The word combines 'down,' meaning to decrease, and 'size,' which refers to dimensions or quantity.
- First recorded use appeared in the 1970s, as economic changes prompted businesses to reduce their workforce or scale.
- It has roots in the word 'size' that comes from the French 'size' meaning 'a provision or measure.'
The term 'downsize' originated in the business world in the 1970s during a period of economic downturn. Companies began to use this term to refer to the process of reducing their workforce or operations in response to financial challenges. The practice became more common in the 1980s and 1990s as companies sought to become more efficient and competitive. Today, downsizing is a common strategy used by organizations to adapt to changing market conditions.
See also: down, downcast, downsizing, downstairs, downward, downwards, downy.