it literally means to go down in size. For example, if you were moving to a smaller house than your previous house, you would be downsizing.
One word that is sometimes used is "downsizing".
Downsizing is the process of reducing the number of workers in a certain firm. There are a lot of reasons why a firm undergo into downsizing. One reason is to minimize the cost, and to increase productivity. This practice has its own disadvantages and advantages, let us first discuss some of the disadvantages of downsizing. First is that downsizing forces re-thinking of employment strategy, lifelong strategy will no longer be effective after a downsizing. Next, violation of psychological contract, simply because due to downsizing the workers lower their work commitment.If their are disadvantages of downsizing their are also advantages out of this practice. Changes in Strategy,Organization structure and Culture accompany job cuts of downsizing.
Corporate downsizing? Corporate shrinkage?
Compressing? Downsizing? Shrinking? Compact? Condense? Consolidate? There are many word that mean that. I imagine you are thing of the word "compression". For example, if you create a .ZIP file, it compresses the file, so you end up with a smaller, easier to send, file.
Chrysler is downsizing jobs so that they can stay competitive in the global market by reducing costs. By downsizing they save on paying weekly wages, health care , and other benefits.
Its another word for "downsizing" where an organization is reducing its costs and trying to be more efficient. This is often in the form of reducing its workforce.
upsizing
Downsizing is cutting the workforce due to external reasons i.e. low demand or recession. Rightsizing on the other hand is adjusting the workforce (acquiring or firing) due to some internal reasons i.e. organizational strategy. It concerns with maintaining the right number of employees.
contracting-out
Designed to Sell - 2004 Downsizing in DC was released on: USA: 2008
CNN Presents - 1993 Downsizing-com was released on: USA: 2001
For Your Home - 2003 Downsizing Can Be Uplifting was released on: USA: 5 October 2013