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• n  the reduction of expenditures in order to become financially stable
• v  dismiss from work
• v  make in a smaller size
• v  reduce in size or number

• For outplacement firms and downsizing specialists who are hired to handle the layoffs, letting people go is an art form.
• Ford: "We have taken painful but necessary downsizing actions to match capacity to real demand, including closing 17 plants over the past five years and downsizing by 12,000 .
• The triumph of capitalism, the almost universal acceptance of the market as indispensable to prosperity, the collapse of Soviet imperialism, the downsizing of the state on nearly .

• retrenchment
• curtailment
• downsize

News & Articles

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• 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.
  June 15, 2013 - The News-Press
• Downsizing beginning at Procter and Gamble plant
  The downsizing of the workforce at the Procter and Gamble plant in Augusta has begun.
  June 12, 2013 - News 12 Augusta
• 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 ...
  June 11, 2013 - Grand Haven Tribune

Quotes

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• Glenn in Kansas City Star
  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."
• Buzz Hargrove in Reuters
  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.
• Thomas DiNapoli in NEWS.com.au
  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.