downsizing
US /ˈdaʊn.saɪ.zɪŋ/
UK /ˈdaʊn.saɪ.zɪŋ/
1.
thu hẹp quy mô
the practice of making a company or an organization smaller by reducing the number of people working for it, or an occasion when this is done:
:
•
The company announced a worldwide downsizing of its operations.