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Downsizing

Downsizing illustration
Downsizing means cutting jobs to reduce costs and keep the company more efficient.

EXAMPLES

  • They're downsizing their business to focus on their core products.

  • The company announced they will be downsizing, resulting in layoffs .

  • They're downsizing the project team to increase efficiency.

SITUATION

A company needs to reduce operational costs due to economic challenges.

University illustration

REACTIONS:

  • — They're talking about downsizing to cut costs, seriously?

  • — Downsizing? That's rough news for everyone involved .

  • — Oh no, downsizing means layoffs , right? Not good.

EXPLANATION

"Downsizing" means reducing the size or scale of something, like a company or a living space. It's like making something smaller or cutting back on resources. Companies might downsize by laying off employees to save money. People might downsize their homes to simplify their lives. It's a term used to describe making things smaller or more efficient.