To reduce the size of company by firing employees, usually with the intention of compromising for something else.
The bastards fired me because they plan to downsize just to increase profits.
by The Return of Light Joker March 26, 2008
corporate euphemism for "let's save a little money by firing half our staff and making the other suckers work twice as hard."
by fredo October 22, 2003
When your ex starts dating someone that is or looks much younger than you are , similar to downgrading when your ex dates someone of lesser value than you
"He had the nerve to downsize after breaking up with me! She looks like she's twelve and can't do a split on the dick imo"
by Bitchin June 25, 2015