DOWNSIZE

Downsize

Downsizing in the automobile industry is the practice of redesigning a vehicle to retain the interior volume, and often the nameplate and styling of a larger car to a smaller, more efficient platform. It was common in the 1970s following the 1973 oil crisis.

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downsize

Verb

  1. To reduce in size or number.
    The company chose to downsize by laying off half of its workers.
  2. To reduce the workforce of.
    They downsized the division by offering attractive early-retirement packages and selling off an office building.
  3. To terminate the employment of.
    Joe got downsized and became a plumber.


The above text is a snippet from Wiktionary: downsize
and as such is available under the Creative Commons Attribution/Share-Alike License.

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