Usually means: Reducing size to cut costs.
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We found 31 dictionaries that define the word downsizing:

General (14 matching dictionaries)
  1. downsizing: Merriam-Webster
  2. downsizing: Collins English Dictionary
  3. downsizing: Vocabulary.com
  4. Downsizing, downsizing: Wordnik
  5. downsizing: Cambridge Advanced Learner's Dictionary
  6. downsizing: Wiktionary
  7. downsizing: Dictionary.com
  8. downsizing: Cambridge Essential American English Dictionary
  9. Downsizing (disambiguation), Downsizing (film), Downsizing: Wikipedia, the Free Encyclopedia
  10. downsizing: Rhymezone
  11. downsizing: FreeDictionary.org
  12. downsizing: Mnemonic Dictionary
  13. downsizing: TheFreeDictionary.com
  14. downsizing: Longman Dictionary of Contemporary English

Business (11 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. downsizing: Webster's New World Finance & Investment Dictionary
  3. Travel Industry Dictionary (No longer online)
  4. INVESTORWORDS (No longer online)
  5. Downsizing: Bloomberg Financial Glossary
  6. Downsizing: Management Dictionary
  7. Nelson Political Science Glossary (No longer online)
  8. downsizing: Legal dictionary
  9. Downsizing: Financial dictionary
  10. Accounting, Business Studies and Economics Dictionary (No longer online)
  11. BusinessDictionary.com (No longer online)

Computing (4 matching dictionaries)
  1. downsizing: Free On-line Dictionary of Computing
  2. downsizing: CCI Computer
  3. Downsizing: Linktionary Networking Glossary
  4. downsizing: Encyclopedia

Medicine (1 matching dictionary)
  1. online medical dictionary (No longer online)

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

(Note: See downsize as well.)

Definitions from Wiktionary (downsizing)

noun:  An act in which a company downsizes or is downsized.
noun:  Miniaturization.
noun:  (automotive) Reducing engine's capacity at same power or increasing engine's power without increasing capacity.

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