Meaning of the word downsizing in English
What does downsizing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
downsizing
US /ˈdaʊn.saɪ.zɪŋ/
UK /ˈdaʊn.saɪ.zɪŋ/
Noun
1.
the action or practice of making a company or organization smaller by reducing the number of its employees
Example:
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The company announced a major downsizing initiative to cut costs.
•
Many employees lost their jobs due to the recent downsizing.
2.
the action or practice of moving to a smaller home, typically to save money or reduce maintenance
Example:
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After their children left home, they considered downsizing to a smaller apartment.
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Downsizing can help reduce living expenses and maintenance costs.
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