downsize

verb

Etymology: Etymology tree English down- English size English downsize From down- + size.

1. To reduce in size or number.

   “Joe and Edna moved to a bungalow after deciding to downsize when the children had left home.”

   “The company chose to downsize by laying off half of its workers.”

2. To reduce the workforce of.

   “They downsized the division by offering attractive early-retirement packages and selling off an office building.”

3. To terminate the employment of.

   “Joe got downsized and became a plumber.”