downsizing

Definition of Downsizing in English :

the reduction of expenditures in order to become financially stable

WordNet Lexical Database for English. Princeton University. 2010.

Downsizing

noun

1.

a reduction of the number of people that a company employs

a trend towards downsizing in the personal-computer market

2.

a reduction in size

v. down·sized, down·siz·ing, down·siz·es

v.tr.

1. To reduce in number or size: a corporation that downsized its personnel in response to a poor economy.

2. To dismiss or lay off from work: workers who were downsized during the recession.

3. To make in a smaller size: cars that were downsized during an era of high gasoline prices.

4. To simplify (one's life, for instance), as by reducing the number of one's possessions.

v.intr.

1. To become smaller in size by reductions in personnel or assets: Corporations continued to downsize after the economy recovered.

2. To live in a simpler way, especially by moving into a smaller residence.