downsized

'downsized'

[downsize.v.01] as in: dismiss from work

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Examples:
three secretaries were downsized during the financial crisis

'downsized'

[downsize.v.02] as in: make in a smaller size

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Examples:
the car makers downsized the SUVs when fuel became very expensive

'downsized'

[downsize.v.03] as in: reduce in size or number

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Examples:
the company downsized its research staff