Downsizing (Noun)
Meaning
The reduction of expenditures in order to become financially stable.
Classification
Nouns denoting acts or actions.
Examples
- The company's downsizing efforts included reducing staff and closing underperforming branches to cut costs.
- After a few years of struggling to make ends meet, the family decided to go through a downsizing process to simplify their lives and reduce expenses.
- The city's government implemented a downsizing plan to reduce its budget deficit by eliminating unnecessary programs and services.
- As part of their downsizing strategy, the couple sold their large house and moved into a smaller, more affordable apartment.
- The business owner's decision to downsize her operations allowed her to restructure her finances and focus on more profitable ventures.