"downsized" 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)
Princeton University "About WordNet®."
WordNet®. Princeton University. 2010.
View WordNet® License