downsizing
🇺🇸
/ˈdaʊnsaɪzɪŋ/
🇬🇧
/ˈdaʊnsaɪzɪŋ/
Cutting the number of workers in a company to save money.
The company announced downsizing, which affected many employees.
Moving to a smaller home or living space.
After the kids moved out, they decided to try downsizing.