Definition of downsize

downsizeverb

thu nhỏ lại

/ˈdaʊnsaɪz//ˈdaʊnsaɪz/

The word "downsize" originated in the 1980s in the context of business and management. It is derived from the phrase "downsizing," which referred to the reduction of a company's workforce or operations to achieve cost savings, improve efficiency, or adapt to changing market conditions. The term is thought to have been coined by Alan G. Lafley, a vice president at Procter & Gamble, in the late 1980s. At the time, Lafley was exploring ways to streamline the company's operations and reduce costs. He began using the phrase "downsizing" to describe the process of reducing the company's workforce and operations. The term gained widespread popularity in the 1990s as companies across various industries began to adopt similar strategies to remain competitive. Over time, the term has evolved to encompass not only workforce reductions but also a broader range of organizational changes aimed at increasing efficiency and reducing costs.

namespace

to reduce the number of people who work in a company, business, etc. in order to reduce costs

giảm số lượng người làm việc trong một công ty, doanh nghiệp, v.v. để giảm chi phí

Example:
  • The larger companies are all planning to downsize their US operations.

    Các công ty lớn hơn đều đang có kế hoạch thu hẹp quy mô hoạt động tại Hoa Kỳ.

  • The worsening situation forced the company to downsize from 39 employees to 7.

    Tình hình ngày càng tồi tệ buộc công ty phải cắt giảm nhân sự từ 39 xuống còn 7 người.

to move to a smaller home

chuyển đến một ngôi nhà nhỏ hơn

Example:
  • The couple are downsizing to a more compact home.

    Cặp đôi này đang muốn chuyển đến một ngôi nhà nhỏ gọn hơn.

Related words and phrases