Definition: To reduce the number of workers in a company; to fire large numbers of employees.
Example: 1) The new corporate president said he would downsize relentlessly in order to save money and raise the stock price of the firm.
2) I was downsized in April, and I've been looking for work ever since.
Etymology: This term emerged in the 1980s, when many large companies eliminated employees in order to increase their stock prices.
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