Homonym: Downsizing (Reduction)
Downsizing refers to the process of reducing the size of a company or organization, often by eliminating jobs or cutting back on resources. This strategy is typically employed to improve efficiency, reduce costs, or respond to changes in the market. Companies may downsize during economic downturns or when facing financial difficulties.
In personal contexts, downsizing can also mean moving to a smaller home or reducing personal belongings. Many individuals choose to downsize to simplify their lives, save money, or prepare for retirement. This process often involves evaluating possessions and deciding what to keep, sell, or donate.