downsizing

Plural: downsizings

Noun

• the reduction of expenditures in order to become financially stable
• An act in which a company downsizes or is downsized.
• Miniaturization.
• Reducing engine's capacity at same power or increasing engine's power without increasing capacity.

Verb

• dismiss from work
• make in a smaller size
• reduce in size or number
• present participle and gerund of downsize

Examples

• Downsizing is one of the leading trends in automotive engine design.
• He lost his job in the last downsizing.

Synonyms

curtailment, downsize, retrenchment