<p><strong>Verb (used with object):</strong></p><ul><li>To design or manufacture a smaller version or type of: The automotive industry downsized its cars for improved fuel economy.</li><li>To reduce in size or number; cut back: Many small businesses are forced to downsize their workforce during a slow economy.</li><li>To dismiss (an employee); lay off or fire: After I was downsized from my marketing position, I took to substitute teaching to make a little money.</li></ul><p><strong>Verb (used without object):</strong></p><ul><li>To become smaller in size or number: The military is downsizing—reducing overseas deployments—and as a result is spending less on supplies.</li><li>To move into a smaller residence: Retirees are downsizing these days, giving up oversized and empty nests for apartments that are easier to care for.</li></ul><p><strong>Adjective:</strong></p><ul><li>Also downsized: Being of a smaller size or version: a downsize car.</li></ul>