downsized


down·size

D0368400 (doun′sīz′)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.

downsized

(ˈdaʊnsaɪz) adj1. (Commerce) employing fewer people2. (Economics) employing fewer people