Downsize: meaning, definitions and examples
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downsize
[ ˈdaʊnˌsaɪz ]
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
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
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
Translations of the word "downsize" in other languages:
🇵🇹 reduzir
🇮🇳 कमी करना
🇩🇪 verkleinern
🇮🇩 mengecilkan
🇺🇦 зменшувати
🇵🇱 zmniejszać
🇯🇵 縮小する (shukushō suru)
🇫🇷 réduire
🇪🇸 reducir
🇹🇷 küçültmek
🇰🇷 축소하다 (chuksouhada)
🇸🇦 تقليص (taqliṣ)
🇨🇿 zmenšit
🇸🇰 zmenšiť
🇨🇳 缩小 (suōxiǎo)
🇸🇮 zmanjšati
🇮🇸 minnka
🇰🇿 азайту
🇬🇪 შემცირება (shemtc'ireba)
🇦🇿 azaltmaq
🇲🇽 reducir
Word origin
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.