downsizes

/D AW1 N S AY0 Z IH0 Z/
verb
  1. 1

    To reduce in size or number.

    โ€œJoe and Edna moved to a bungalow after deciding to downsize when the children had left home.โ€

  2. 2

    To reduce the workforce of.

    โ€œThey downsized the division by offering attractive early-retirement packages and selling off an office building.โ€

  3. 3

    To terminate the employment of.

    โ€œJoe got downsized and became a plumber.โ€

Synonyms

Source: https://en.wiktionary.org/wiki/downsize, https://en.wiktionary.org/wiki/downsizes