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downsize /ˈdaʊnˌsaɪz/  

Anh-Anh
  • verb
    -sizes; -sized; -sizing
    to make (something) smaller [+ obj]
    They have downsized the car's engine in the new model. [no obj]
    We downsized to a smaller apartment last year. [=we moved to a smaller apartment]
    to make a company smaller and more efficient by reducing the number of workers [no obj]
    The company is planning to downsize  year. [+ obj]
    The company will be downsized  year.
    The company has downsized [=reduced] its staff.
    She was downsized [=she was dismissed from her job] after 15 years with the company.