downsize

Verb
  1. Dismiss from work (synset 202408915)
    "three secretaries were downsized during the financial crisis"
    is a type of: furlough, lay off - dismiss, usually for economic reasons
  2. Design or manufacture in a smaller size (synset 200587970)
    "the car makers downsized the SUVs when fuel became very expensive"
    is a type of: reduce, shrink - reduce in size; reduce physically
  3. (of a company) reduce in size or number of employees (synset 200587808)
    "the company downsized its research staff"
    is a type of: bring down, cut, cut back, cut down, reduce, trim, trim back, trim down - cut down on; make a reduction in

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