Downsized: meaning, definitions and examples
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downsized
[ ˈdaʊnˌsaɪzd ]
business context
To downsized means to reduce the size of a company or organization, often involving layoffs or the elimination of positions. This often occurs when companies are looking to cut costs, improve efficiency, or respond to economic pressures.
Synonyms
cut back, diminished, reduced, streamlined.
Examples of usage
- The company downsized its workforce to remain competitive.
- After the merger, many employees were downsized.
- The organization had to downsized its budget significantly.
- During the recession, many businesses downsized to survive.
Translations
Translations of the word "downsized" in other languages:
🇵🇹 reduzido
🇮🇳 कम किया गया
🇩🇪 verkleinert
🇮🇩 diperkecil
🇺🇦 зменшений
🇵🇱 zmniejszony
🇯🇵 縮小された
🇫🇷 réduit
🇪🇸 reducido
🇹🇷 küçültülmüş
🇰🇷 축소된
🇸🇦 مُخفض
🇨🇿 zmenšený
🇸🇰 zmenšený
🇨🇳 缩小的
🇸🇮 manjšan
🇮🇸 minnkaður
🇰🇿 азайтылған
🇬🇪 დაწუნებული
🇦🇿 kiçildilmiş
🇲🇽 reducido
Etymology
The term 'downsized' originated in the late 20th century, particularly gaining traction in the 1980s and 1990s during a period of significant corporate restructuring and economic change. The root word 'down' refers to a decrease or reduction, while 'size' refers to the dimensions or scale of something. Together, they form the concept of reducing the size of a company or organization. The practice became common as businesses sought to improve efficiency, respond to market pressures, and adapt to changing economic landscapes. The phenomenon was often associated with the globalization of markets and the need for companies to remain agile and competitive. As such, the word has evolved to encompass not only layoffs but also any strategic move to downsize operations, including budget cuts and the closure of facilities.