"downsizing" in the noun sense
1. retrenchment, curtailment, downsizing
the reduction of expenditures in order to become financially stable
"downsizing" in the verb sense
1. downsize
dismiss from work
"three secretaries were downsized during the financial crisis"
2. downsize
design or manufacture in a smaller size
"the car makers downsized the SUVs when fuel became very expensive"
3. downsize
of a company) reduce in size or number of employees
"the company downsized its research staff"
Source: WordNet® (An amazing lexical database of English)
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