Other forms: downsized, downsizing
To downsize is to cut the number of people a company employs. Downsize the workforce, downsizing again, forced to downsize.
It is a euphemism and everybody knows it, which is why the word has become a joke rather than a cover. Of a house it means moving to a smaller one, usually after children leave, and that sense is neutral.
1verbdownsizeTo cut the number of people a company employs.
“The factory had to downsize and let two hundred workers go.”
downsize is a cutting.
Middle English
doun
English
down
English, today
downsize
Built from
From down- + size. down comes from Middle English doun. From Middle English doun, doune (“down”), from Old English dūne (“down”), aphetic form of adūne (“down, downward”), from earlier ofdūne (“down”) literally “off the hill”, from of (“of, off of”) + dūn (“hill, mount, dune, down”). More at Etymology 2 below. For the development from directional phrases to prepositions, compare dene, dāle, whence dal. Compare also stq, del. Cognate with Scots doon (“down”).
Etymology from Wiktionary, CC BY-SA