downsizing
Translation
downsizing, restructuring
Examples
The company announced a major downsizing.
The company announced a major downsizing.
Many workers lost their jobs due to downsizing.
Many workers lost their jobs due to downsizing.
Grammar Patterns
the process of making a company smaller by reducing staff The company announced a major downsizing.
Similar Words
Synonyms: restructuring, cutbacks, layoffs; Antonyms: expansion, hiring
Etymology
A combination of 'down', 'size', and the noun-forming suffix '-ing'. It means the act of making a company's 'size' go 'down'.
Memory Tips
Think of the 'size' of a company going 'down'.