Usually means: Reduce size, often by layoffs.
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We found 27 dictionaries that define the word downsize:

General (20 matching dictionaries)
  1. downsize: Merriam-Webster
  2. downsize: Oxford Learner's Dictionaries
  3. downsize: American Heritage Dictionary of the English Language
  4. downsize: Collins English Dictionary
  5. downsize: Vocabulary.com
  6. Downsize, downsize: Wordnik
  7. downsize: Cambridge Advanced Learner's Dictionary
  8. downsize: Wiktionary
  9. downsize: Webster's New World College Dictionary, 4th Ed.
  10. downsize: The Wordsmyth English Dictionary-Thesaurus
  11. downsize: Infoplease Dictionary
  12. downsize: Dictionary.com
  13. downsize: Cambridge Essential American English Dictionary
  14. Downsize (The Office), Downsize (automobile), Downsize: Wikipedia, the Free Encyclopedia
  15. downsize: FreeDictionary.org
  16. downsize: Mnemonic Dictionary
  17. downsize: TheFreeDictionary.com
  18. downsize: Longman Dictionary of Contemporary English

Business (5 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Downsize: Investopedia
  3. Dictionary of Management Jargon (No longer online)
  4. downsize: Legal dictionary
  5. downsize: Financial dictionary

Computing (1 matching dictionary)
  1. downsize: Encyclopedia

Slang (1 matching dictionary)
  1. downsize: Urban Dictionary

(Note: See downsized as well.)

Definitions from Wiktionary (
)
American English Definition British English Definition
verb:  (intransitive) To reduce in size or number.
verb:  (transitive) To reduce the workforce of.
verb:  (transitive, euphemistic) To terminate the employment of.

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