downsizing downsizing  /ˈdaʊn ˌsaɪ zɪŋ/

Definition(s):

  • (n) the reduction of expenditures in order to become financially stable

Synonym(s)

Usage(s):

  • For outplacement firms and downsizing specialists who are hired to handle the layoffs, letting people go is an art form.

News

  1. Organize and downsize: living big in a smaller space

    Are you downsizing? Good for you! There's no reason to cut back on style, glamour or efficiency just because your new space may be smaller.
    on June 16, 2013     Source: The News-Press

  2. Downsizing beginning at Procter and Gamble plant

    The downsizing of the workforce at the Procter and Gamble plant in Augusta has begun.
    on June 13, 2013     Source: News 12 Augusta

  3. HOFFSTEDT: Downsizing starts with a yard sale

    Community Columnist HOFFSTEDT: Downsizing starts with a yard sale Now, where do I begin? I looked around my office — books, posters; not much of value to be seen there. Jun 11, 2013 Then I spotted it — the drawer in an old desk filled with the tools of my trade. Drafting supplies, things that I used for a half-century as a tool and die designer. There were special pencils with three jaw chucks ...
    on June 12, 2013     Source: Grand Haven Tribune

Quotes

  1. "You will spend more on insulation and windows," said Glenn Munro, a Toronto-based retail shopping-center developer. "But you'll save on electrical costs by downsizing the air-conditioning and heating systems and so on."
    on Dec 11, 2006 By: Glenn Source: Kansas City Star

  2. "We talked about putting together an incentive program that will help with the downsizing of the Oshawa operation over the next four or five years," said Hargrove.
    on Jun 26, 2008 By: Buzz Hargrove Source: Reuters

  3. "The size of the losses and the resulting consolidation and downsizing that is taking place in the securities industry suggest that a bonus decline of a similar or even greater magnitude could occur this time," Mr DiNapoli said.
    on Nov 24, 2008 By: Thomas DiNapoli Source: NEWS.com.au

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